Deutsche Lufthansa (DLAKY) Upgraded to Strong-Buy at Zacks Investment Research

Deutsche Lufthansa (OTCMKTS:DLAKY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday. The firm currently has a $43.00 price target on the transportation company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 18.88% from the company’s previous close.

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 raised Deutsche Lufthansa from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Deutsche Lufthansa currently has an average rating of “Buy” and a consensus price target of $43.00.

Deutsche Lufthansa (OTCMKTS DLAKY) traded down $0.89 during midday trading on Thursday, hitting $36.17. The stock had a trading volume of 36,288 shares, compared to its average volume of 22,256. The company has a market capitalization of $17,046.89, a P/E ratio of 8.26 and a beta of 0.60. Deutsche Lufthansa has a 52-week low of $12.17 and a 52-week high of $37.37. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.00 and a current ratio of 1.06.

An institutional investor recently raised its position in Deutsche Lufthansa stock. Parametric Portfolio Associates LLC lifted its stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 290,265 shares of the transportation company’s stock after buying an additional 5,194 shares during the period. Parametric Portfolio Associates LLC owned about 0.06% of Deutsche Lufthansa worth $6,621,000 at the end of the most recent quarter. Institutional investors own 0.14% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/01/07/deutsche-lufthansa-dlaky-upgraded-to-strong-buy-at-zacks-investment-research.html.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is an aviation company. The Company’s segments include; Logistics; maintenance, repair and overhaul services (MRO), Catering and Other. Its Passenger Airline Group segment includes the airlines Lufthansa Passenger Airlines, SWISS, Austrian Airlines and Eurowings. Lufthansa Cargo is the logistics services provider in the Lufthansa Group.

Get a free copy of the Zacks research report on Deutsche Lufthansa (DLAKY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Deutsche Lufthansa (OTCMKTS:DLAKY)

Receive News & Ratings for Deutsche Lufthansa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Lufthansa and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply