Deutsche Lufthansa (OTCMKTS:DLAKY) Cut to Strong Sell at Zacks Research

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

A number of other research analysts have also weighed in on the company. Citigroup lowered Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Barclays lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Friday, May 8th. Finally, Morgan Stanley cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Deutsche Lufthansa has an average rating of “Reduce”.

Deutsche Lufthansa Price Performance

Shares of Deutsche Lufthansa stock opened at $8.79 on Tuesday. The business has a 50 day simple moving average of $10.05 and a two-hundred day simple moving average of $9.69. Deutsche Lufthansa has a 12 month low of $7.91 and a 12 month high of $11.53. The stock has a market capitalization of $10.57 billion, a P/E ratio of 13.12, a PEG ratio of 0.54 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21). Deutsche Lufthansa had a return on equity of 5.79% and a net margin of 1.63%.The firm had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.76 billion. As a group, analysts predict that Deutsche Lufthansa will post 1 EPS for the current fiscal year.

Institutional Investors Weigh In On Deutsche Lufthansa

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of Deutsche Lufthansa by 52.1% in the second quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 4,779 shares during the last quarter. Fulton Bank N.A. purchased a new position in Deutsche Lufthansa during the second quarter worth approximately $120,000. Finally, Sterling Capital Management LLC acquired a new position in Deutsche Lufthansa during the first quarter worth $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.