Deutsche Lufthansa AG (OTCMKTS:DLAKY) Receives Average Recommendation of "Reduce" from Brokerages

Key Points

• Deutsche Lufthansa received an average “Reduce” rating from seven analysts: four issued sell ratings, two recommended holding the stock, and one gave it a strong buy rating. Recent downgrades came from Citigroup, Barclays, and Morgan Stanley.
• The stock opened at $9.73, down 1.3%, with a market capitalization of approximately $11.70 billion and a 52-week range of $7.91 to $11.53.
• Lufthansa reported quarterly EPS of $0.13, missing the $0.34 consensus estimate, while revenue of $12.84 billion slightly exceeded expectations of $12.76 billion. Analysts forecast full-year EPS of $1.19.

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) has received an average recommendation of "Reduce" from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating on the company.

A number of equities research analysts have recently weighed in on DLAKY shares. Citigroup lowered Deutsche Lufthansa from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 8th. Barclays lowered shares of Deutsche Lufthansa from an "equal weight" rating to an "underweight" rating in a research report on Friday, May 8th. Morgan Stanley cut shares of Deutsche Lufthansa from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, May 26th. Finally, Zacks Research upgraded shares of Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a research note on Monday, June 15th.

Deutsche Lufthansa Stock Down 1.3%

Deutsche Lufthansa stock opened at $9.73 on Friday. Deutsche Lufthansa has a 1-year low of $7.91 and a 1-year high of $11.53. The business has a fifty day moving average price of $10.33 and a 200-day moving average price of $9.85. 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 stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.51 and a beta of 0.96.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last announced its earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share (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 5.79%. The business had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.76 billion. Equities research analysts forecast that Deutsche Lufthansa will post 1.19 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. Fulton Bank N.A. acquired a new position in shares of Deutsche Lufthansa in the 2nd quarter valued at $120,000. GAMMA Investing LLC lifted its position in 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 period. Finally, Sterling Capital Management LLC acquired a new stake in Deutsche Lufthansa during the 1st quarter worth about $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.

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