Deutsche Lufthansa AG (NASDAQ:DLAKY) was downgraded by Zacks Investment Research from a “buy” rating to a “strong sell” rating in a research note issued on Tuesday.

According to Zacks, “Lufthansa German Airlines operates as an autonomous unit within the Lufthansa Group. It maintains its own stations, handling check-in, ticket sales and other services at all the major international airports. Lufthansa is a founding member of the Star Alliance, the world’s first multilateral airline grouping. “

Separately, Deutsche Bank AG downgraded shares of Deutsche Lufthansa AG from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th.

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Deutsche Lufthansa AG (NASDAQ:DLAKY) traded up 2.92% during mid-day trading on Tuesday, reaching $10.74. The company had a trading volume of 60,339 shares. The firm has a market capitalization of $4.99 billion and a price-to-earnings ratio of 3.82. Deutsche Lufthansa AG has a 12-month low of $10.35 and a 12-month high of $17.10. The firm has a 50-day moving average price of $11.54 and a 200 day moving average price of $13.01.

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