Deutsche Lufthansa AG (OTCMKTS:DLAKY) was upgraded by equities researchers at Sanford C. Bernstein from an “underperform” rating to a “market perform” rating in a research note issued to investors on Friday.
Several other brokerages also recently weighed in on DLAKY. Morgan Stanley upgraded shares of Deutsche Lufthansa AG from an “underweight” rating to an “equal weight” rating in a research note on Tuesday. Deutsche Bank AG upgraded shares of Deutsche Lufthansa AG from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Royal Bank Of Canada upgraded shares of Deutsche Lufthansa AG from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, June 27th. Credit Suisse Group upgraded shares of Deutsche Lufthansa AG from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 13th. Finally, HSBC Holdings plc upgraded shares of Deutsche Lufthansa AG from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.00.
Shares of Deutsche Lufthansa AG (DLAKY) opened at 25.04 on Friday. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 4.95 and a beta of 0.49. The stock has a 50 day moving average of $23.42 and a 200-day moving average of $19.30. Deutsche Lufthansa AG has a one year low of $10.35 and a one year high of $25.08.
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An institutional investor recently raised its position in Deutsche Lufthansa AG stock. Parametric Portfolio Associates LLC increased its stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 290,265 shares of the transportation company’s stock after buying an additional 5,194 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.06% of Deutsche Lufthansa AG worth $6,621,000 at the end of the most recent reporting period. 0.16% of the stock is owned by hedge funds and other institutional investors.
Deutsche Lufthansa AG Company Profile
Deutsche Lufthansa AG is an aviation company. The Company’s segments include; Logistics; maintenance, repair and overhaul services (MRO), Catering and Other. Its Passenger Airline Group segment includes the airlines Lufthansa Passenger Airlines, SWISS, Austrian Airlines and Eurowings. Lufthansa Cargo is the logistics services provider in the Lufthansa Group.
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