Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Free Report) saw an uptick in trading volume on Thursday . Approximately 612,907 shares were traded during trading, an increase of 216% from the previous session’s volume of 193,851 shares.The stock last traded at $8.91 and had previously closed at $8.67.
Analysts Set New Price Targets
DLAKY has been the topic of several analyst reports. Citigroup downgraded Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Morgan Stanley cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. Finally, Zacks Research downgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.
Get Our Latest Stock Analysis on DLAKY
Deutsche Lufthansa Stock Performance
Deutsche Lufthansa (OTCMKTS:DLAKY – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21). The business had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $12.76 billion. Deutsche Lufthansa had a return on equity of 5.74% and a net margin of 1.63%. As a group, sell-side analysts expect that Deutsche Lufthansa AG will post 0.99 EPS for the current year.
Institutional Trading of Deutsche Lufthansa
A number of large investors have recently made changes to their positions in DLAKY. Fulton Bank N.A. bought a new stake in Deutsche Lufthansa during the 2nd quarter valued at about $120,000. GAMMA Investing LLC grew its stake in 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 acquiring an additional 4,779 shares in the last quarter. Finally, Sterling Capital Management LLC bought a new position in Deutsche Lufthansa in the 1st quarter worth about $204,000.
Deutsche Lufthansa Company Profile
Deutsche Lufthansa AG, commonly known as the Lufthansa Group, is a German aviation company headquartered in Cologne. Its principal business is the operation of passenger airlines serving domestic, European and intercontinental markets. The group’s airline brands include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings, Discover Airlines and other affiliated carriers.
In addition to passenger transportation, the Lufthansa Group operates businesses across the aviation services sector.
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