Deutsche Lufthansa AG Receives Average Rating of “Hold” from Analysts (NASDAQ:DLAKY)
Shares of Deutsche Lufthansa AG (NASDAQ:DLAKY) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the company, AmericanBankingNews.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company.
A number of analysts have recently weighed in on DLAKY shares. Analysts at Morgan Stanley downgraded shares of Deutsche Lufthansa AG from an “equal weight” rating to an “underweight” rating in a research note on Friday, August 8th. Separately, 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. Finally, 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.
Deutsche Lufthansa AG (NASDAQ:DLAKY) traded down 0.20% during mid-day trading on Tuesday, hitting $17.35. 2,740 shares of the company’s stock traded hands. Deutsche Lufthansa AG has a one year low of $16.27 and a one year high of $27.89. The stock has a 50-day moving average of $18.15 and a 200-day moving average of $23.18. The company has a market cap of $7.899 billion and a price-to-earnings ratio of 13.91.
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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