Deutsche Lufthansa AG (OTCMKTS:DLAKY) Receives Consensus Rating of “Reduce” from Brokerages

Deutsche Lufthansa AG (OTCMKTS:DLAKY) has received an average rating of “Reduce” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company.

A number of brokerages recently issued reports on DLAKY. Citigroup cut Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Zacks Research lowered shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. Finally, Morgan Stanley lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 26th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Fulton Bank N.A. bought a new position in shares of Deutsche Lufthansa in the 2nd quarter worth $120,000. GAMMA Investing LLC lifted its holdings in shares of Deutsche Lufthansa by 52.1% during the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock worth $159,000 after acquiring an additional 4,779 shares during the last quarter. Finally, Sterling Capital Management LLC bought a new stake in shares of Deutsche Lufthansa during the 1st quarter worth $204,000.

Deutsche Lufthansa Stock Performance

OTCMKTS:DLAKY opened at $8.97 on Wednesday. The company has a market capitalization of $10.78 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.57 and a beta of 0.97. The business has a fifty day simple moving average of $9.88 and a two-hundred day simple moving average of $9.64. 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 has a 1 year low of $7.91 and a 1 year high of $11.53.

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