Deutsche Lufthansa (OTCMKTS:DLAKY) Trading Up 0.9% – Here’s What Happened

Deutsche Lufthansa AG (OTCMKTS:DLAKY) traded up 0.9% on Tuesday . The stock traded as high as $10.36 and last traded at $10.28. 66,217 shares were traded during mid-day trading, a decline of 60% from the average session volume of 166,280 shares. The stock had previously closed at $10.19.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th. Zacks Research downgraded Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. The Goldman Sachs Group downgraded Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Morgan Stanley downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deutsche Lufthansa currently has an average rating of “Reduce”.

Deutsche Lufthansa Stock Up 0.9%

The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73. The firm has a 50-day simple moving average of $9.31 and a two-hundred day simple moving average of $9.67. The company has a market cap of $12.33 billion, a PE ratio of 6.85, a P/E/G ratio of 1.17 and a beta of 0.97.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.35). The company had revenue of $10.28 billion for the quarter, compared to analysts’ expectations of $10.29 billion. Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%. Research analysts anticipate that Deutsche Lufthansa AG will post 1.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deutsche Lufthansa

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Sterling Capital Management LLC acquired a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

Deutsche Lufthansa Company Profile

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.