Deutsche Lufthansa (DLAKY) Upgraded to Strong-Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday morning. Zacks Investment Research currently has $43.00 target price on the transportation company’s stock.

According to Zacks, “Lufthansa German Airlines operates as an autonomous unit within the Lufthansa Group. It maintains its own stations, handling check-in, ticket sales and other services at all the major international airports. Lufthansa is a founding member of the Star Alliance, the world’s first multilateral airline grouping. “

Separately, Deutsche Bank raised shares of Deutsche Lufthansa from a hold rating to a buy rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $43.00.

Deutsche Lufthansa (OTCMKTS DLAKY) traded down $0.79 during trading on Thursday, hitting $36.27. 25,810 shares of the stock traded hands, compared to its average volume of 21,338. The company has a market cap of $17,512.01, a price-to-earnings ratio of 8.28 and a beta of 0.60. Deutsche Lufthansa has a 12-month low of $12.17 and a 12-month high of $37.37. The company has a quick ratio of 1.00, a current ratio of 1.06 and a debt-to-equity ratio of 0.74.

An institutional investor recently raised its position in Deutsche Lufthansa stock. Parametric Portfolio Associates LLC raised its holdings in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,265 shares of the transportation company’s stock after buying an additional 5,194 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.06% of Deutsche Lufthansa worth $6,621,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.14% of the company’s stock.

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About Deutsche Lufthansa

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.

Analyst Recommendations for Deutsche Lufthansa (OTCMKTS:DLAKY)

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