Deutsche Lufthansa (OTCMKTS:DLAKY) Hits New 1-Year High Following Analyst Upgrade

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) reached a new 52-week high during mid-day trading on Friday after Kepler Capital Markets upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $9.88 and last traded at $9.88, with a volume of 34725 shares. The stock had previously closed at $9.4820.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley assumed coverage on Deutsche Lufthansa in a research report on Wednesday, October 15th. They set an “underweight” rating on the stock. Citigroup lowered Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. raised shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC lifted its position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,270 shares of the transportation company’s stock after acquiring an additional 8,336 shares during the period. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 as of its most recent SEC filing.

Deutsche Lufthansa Stock Up 4.4%

The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average of $8.88 and a two-hundred day moving average of $8.76. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 6.15, a price-to-earnings-growth ratio of 1.25 and a beta of 0.89.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings data on Thursday, October 30th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The firm had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $12.98 billion. Deutsche Lufthansa had a return on equity of 15.73% and a net margin of 4.45%. As a group, sell-side analysts anticipate that Deutsche Lufthansa AG will post 0.87 earnings per share for the current year.

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.