Deutsche Lufthansa (OTCMKTS:DLAKY) Stock Rating Lowered by Zacks Research

Deutsche Lufthansa (OTCMKTS:DLAKY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group cut shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Barclays raised shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Deutsche Lufthansa Price Performance

DLAKY opened at $9.22 on Tuesday. The company’s 50 day simple moving average is $9.65 and its 200 day simple moving average is $9.47. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.73 and a current ratio of 0.81. Deutsche Lufthansa has a 1 year low of $6.65 and a 1 year high of $11.29. The stock has a market capitalization of $11.06 billion, a PE ratio of 6.78, a P/E/G ratio of 0.50 and a beta of 0.96.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its earnings results on Friday, March 6th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). Deutsche Lufthansa had a return on equity of 13.15% and a net margin of 3.63%.The company had revenue of $11.52 billion during the quarter, compared to analyst estimates of $11.38 billion. As a group, sell-side analysts expect that Deutsche Lufthansa will post 0.87 EPS for the current year.

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.