Deutsche Lufthansa AG (OTCMKTS:DLAKY) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKYGet Free Report) have earned an average recommendation of “Reduce” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company.

Several brokerages recently weighed in on DLAKY. Morgan Stanley cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. Citigroup lowered Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 8th. Finally, Zacks Research raised shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th.

Read Our Latest Report on DLAKY

Institutional Investors Weigh In On Deutsche Lufthansa

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Deutsche Lufthansa by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock worth $159,000 after buying an additional 4,779 shares during the last quarter. Fulton Bank N.A. purchased a new position in Deutsche Lufthansa in the second quarter worth $120,000. Finally, Sterling Capital Management LLC purchased a new position in Deutsche Lufthansa in the first quarter worth $204,000.

Deutsche Lufthansa Stock Performance

DLAKY opened at $9.99 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94. The company’s fifty day moving average price is $10.12 and its two-hundred day moving average price is $9.84. Deutsche Lufthansa has a 1-year low of $7.91 and a 1-year high of $11.53. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 0.62 and a beta of 0.96.

Deutsche Lufthansa (OTCMKTS:DLAKYGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.35). The business had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.29 billion. Deutsche Lufthansa had a net margin of 3.83% and a return on equity of 13.46%. On average, analysts expect that Deutsche Lufthansa will post 1.19 EPS for the current fiscal year.

About Deutsche Lufthansa

(Get Free Report)

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.

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Analyst Recommendations for Deutsche Lufthansa (OTCMKTS:DLAKY)

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