Deutsche Lufthansa AG (OTCMKTS:DLAKY) Stock Now Rated "Reduce" by Wall Street Analysts

Key Points

• Deutsche Lufthansa has a consensus “Reduce” rating from seven analysts: five recommend selling, one recommends holding, and one assigns a strong-buy rating. Zacks Research and Citigroup both recently downgraded the stock to “strong sell.”
• The company reported quarterly EPS of $0.13, missing the $0.34 consensus estimate, while revenue of $12.84 billion slightly exceeded expectations. Analysts expect full-year EPS of $0.99.
• DLAKY opened at $8.86, up 1.1%, with a market capitalization of about $10.65 billion; its shares remain below the 52-week high of $11.53. Several institutional investors recently initiated or increased positions.

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) have earned a consensus rating of "Reduce" from the seven research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have issued reports on DLAKY shares. Zacks Research lowered shares of Deutsche Lufthansa from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 1st. Citigroup downgraded shares of Deutsche Lufthansa from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 8th.

Institutional Investors Weigh In On Deutsche Lufthansa

Hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC acquired a new position in Deutsche Lufthansa during the first quarter worth approximately $204,000. Fulton Bank N.A. bought a new stake in Deutsche Lufthansa in the second quarter valued at approximately $120,000. Finally, GAMMA Investing LLC raised its stake in 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 buying an additional 4,779 shares during the period.

Deutsche Lufthansa Stock Up 1.1%

OTCMKTS:DLAKY opened at $8.86 on Friday. The firm has a market capitalization of $10.65 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 0.54 and a beta of 0.97. Deutsche Lufthansa has a twelve month low of $7.91 and a twelve month high of $11.53. The stock's 50 day moving average price is $9.37 and its two-hundred day moving average price is $9.50. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 1.02.

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). Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.74%. The company had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.76 billion. Equities research analysts expect that Deutsche Lufthansa will post 0.99 earnings per share for the current fiscal year.

About Deutsche Lufthansa

Deutsche Lufthansa AG, commonly known as the Lufthansa Group, is a German aviation company headquartered in Cologne. Its principal business is the operation of passenger airlines serving domestic, European and intercontinental markets. The group's airline brands include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings, Discover Airlines and other affiliated carriers.

In addition to passenger transportation, the Lufthansa Group operates businesses across the aviation services sector.

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