Deutsche Lufthansa (OTCMKTS:DLAKY) Stock Rating Upgraded by Barclays

Key Points

• Barclays has upgraded Deutsche Lufthansa's stock rating from "underweight" to "equal weight," indicating a more favorable outlook for the company.
• In contrast, Sanford C. Bernstein downgraded the airline from "outperform" to "market perform," contributing to a mixed analyst sentiment towards the stock.
• Deutsche Lufthansa reported a $0.95 EPS for the last quarter, surpassing estimates and reflecting a strong net margin of 4.76% on revenues of $11.85 billion.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) was upgraded by equities research analysts at Barclays from an "underweight" rating to an "equal weight" rating in a report issued on Monday,Briefing.com Automated Import reports.

Separately, Sanford C. Bernstein lowered Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 2nd. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Deutsche Lufthansa presently has an average rating of "Hold".

Deutsche Lufthansa Stock Performance

Shares of DLAKY stock opened at $8.38 on Monday. The business's 50 day simple moving average is $8.36 and its 200 day simple moving average is $7.57. Deutsche Lufthansa has a one year low of $5.69 and a one year high of $9.08. The stock has a market capitalization of $10.04 billion, a PE ratio of 5.02, a PEG ratio of 1.62 and a beta of 1.23. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.72.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last announced its earnings results on Thursday, July 31st. The transportation company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.50 by $0.45. Deutsche Lufthansa had a return on equity of 17.23% and a net margin of 4.76%. The business had revenue of $11.85 billion for the quarter, compared to analysts' expectations of $11.81 billion. As a group, research analysts forecast that Deutsche Lufthansa will post 0.87 earnings per share for the current year.

Hedge Funds Weigh In On Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC raised its holdings in Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 892.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,270 shares of the transportation company's stock after buying an additional 8,336 shares during the quarter. GAMMA Investing LLC's holdings in Deutsche Lufthansa were worth $78,000 as of its most recent SEC filing.

About Deutsche Lufthansa

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.

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