Deutsche Lufthansa (OTCMKTS:DLAKY) Upgraded by Citigroup to “Strong-Buy” Rating

Citigroup upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a strong sell rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

DLAKY has been the subject of several other reports. Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, November 5th. Barclays upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, Stifel Nicolaus raised shares of Deutsche Lufthansa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Deutsche Lufthansa Trading Down 4.3 %

Deutsche Lufthansa stock opened at $5.81 on Wednesday. The company has a fifty day simple moving average of $6.59 and a 200 day simple moving average of $6.60. Deutsche Lufthansa has a 1-year low of $5.74 and a 1-year high of $8.50. The company has a market cap of $6.96 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 1.32 and a beta of 1.21.

About Deutsche Lufthansa

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.