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Deutsche Lufthansa AG (NASDAQ:DLAKY) was downgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report issued on Friday.

Shares of Deutsche Lufthansa AG (NASDAQ:DLAKY) opened at 16.62 on Friday. Deutsche Lufthansa AG has a 1-year low of $16.56 and a 1-year high of $27.89. The stock has a 50-day moving average of $19.83 and a 200-day moving average of $23.9. The company has a market cap of $7.566 billion and a P/E ratio of 13.11.

A number of other analysts have also recently weighed in on DLAKY. Analysts at Nomura downgraded shares of Deutsche Lufthansa AG from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 23rd. Separately, analysts at Barclays downgraded shares of Deutsche Lufthansa AG from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 2nd. Finally, analysts at RBC Capital downgraded shares of Deutsche Lufthansa AG from an “outperform” rating to a “sector perform” rating in a research note on Thursday, June 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold”.

Deutsche Lufthansa AG is a Germany-based aviation company with global operations. The Company is engaged in passenger transportation, airfreight as well as in downstream services.

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