Deutsche Lufthansa (OTCMKTS:DLAKY) Trading Up 6.5% – Still a Buy?

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) shot up 6.5% during mid-day trading on Thursday . The stock traded as high as $11.10 and last traded at $11.09. Approximately 43,845 shares changed hands during trading, a decline of 81% from the average session volume of 233,623 shares. The stock had previously closed at $10.41.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Zacks Research raised Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Morgan Stanley lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 26th. Barclays cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group lowered Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Deutsche Lufthansa Stock Performance

The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 1.20 and a beta of 0.97. The firm’s 50-day moving average is $9.47 and its two-hundred day moving average is $9.71. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings data on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.35). Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%.The firm had revenue of $10.28 billion during the quarter, compared to analyst estimates of $10.29 billion. As a group, sell-side analysts expect that Deutsche Lufthansa AG will post 1.15 earnings per share for the current year.

Institutional Trading of Deutsche Lufthansa

A hedge fund recently bought a new stake in Deutsche Lufthansa stock. Sterling Capital Management LLC acquired a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

About Deutsche Lufthansa

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.