Deutsche Lufthansa (OTCMKTS:DLAKY) Downgraded to Strong Sell Rating by Zacks Research

Key Points

• Zacks Research downgraded Deutsche Lufthansa from “hold” to “strong sell,” adding to a negative analyst outlook. Morgan Stanley, Citigroup and Barclays have also recently lowered their ratings, with the consensus rating at “reduce.”
• Deutsche Lufthansa reported quarterly EPS of $0.13, missing the $0.34 consensus estimate, while revenue of $12.84 billion slightly exceeded expectations.
• The shares opened at $8.79 and were up 0.5%, trading below their 50-day moving average of $10.05; the stock’s 12-month range is $7.91 to $11.53.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report issued on Tuesday, Zacks reports.

DLAKY has been the topic of a number of other reports. Morgan Stanley downgraded shares of Deutsche Lufthansa from an "equal weight" rating to an "underweight" rating in a report on Tuesday, May 26th. Citigroup downgraded shares of Deutsche Lufthansa from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 8th. Finally, Barclays lowered shares of Deutsche Lufthansa from an "equal weight" rating to an "underweight" rating in a research note on Friday, May 8th. One investment 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 data from MarketBeat, the stock has a consensus rating of "Reduce".

Deutsche Lufthansa Trading Up 0.5%

Shares of OTCMKTS:DLAKY opened at $8.79 on Tuesday. Deutsche Lufthansa has a 12-month low of $7.91 and a 12-month high of $11.53. The company has a market capitalization of $10.57 billion, a PE ratio of 13.12, a PEG ratio of 0.54 and a beta of 0.97. The business has a 50 day moving average of $10.05 and a two-hundred day moving average of $9.69. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The transportation company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.21). The company had revenue of $12.84 billion during the quarter, compared to analysts' expectations of $12.76 billion. Deutsche Lufthansa had a return on equity of 5.79% and a net margin of 1.63%. As a group, analysts forecast that Deutsche Lufthansa will post 1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in Deutsche Lufthansa by 52.1% in 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 in the last quarter. Fulton Bank N.A. purchased a new position in Deutsche Lufthansa during the second quarter valued at $120,000. Finally, Sterling Capital Management LLC purchased a new position in Deutsche Lufthansa during the first quarter valued at $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.

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