Deutsche Lufthansa (OTCMKTS:DLAKY) Rating Increased to Equal Weight at 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.

Barclays upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY - Free Report) from an underweight rating to an equal weight rating in a research report report published on Monday morning, MarketBeat.com reports.

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

Deutsche Lufthansa Trading Up 1.4%

Shares of DLAKY stock traded up $0.13 during trading hours on Monday, reaching $9.32. 48,381 shares of the stock traded hands, compared to its average volume of 75,578. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $11.17 billion, a PE ratio of 5.58, a PEG ratio of 1.36 and a beta of 1.23. Deutsche Lufthansa has a 1-year low of $5.69 and a 1-year high of $9.36. The business has a fifty day moving average price of $8.45 and a 200 day moving average price of $7.63.

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

Institutional Investors Weigh In On Deutsche Lufthansa

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC lifted its holdings in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 11,248.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,809 shares of the transportation company's stock after purchasing an additional 6,749 shares during the quarter. GAMMA Investing LLC's holdings in Deutsche Lufthansa were worth $50,000 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.