Deutsche Lufthansa (OTCMKTS:DLAKY) Raised to Overweight at Morgan Stanley

Deutsche Lufthansa (OTCMKTS:DLAKY) was upgraded by Morgan Stanley from an “underweight” rating to an “overweight” rating in a report released on Wednesday.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. raised Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research note on Monday, December 1st. Kepler Capital Markets upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. Finally, Citigroup lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Down 1.1%

Shares of DLAKY stock opened at $10.55 on Wednesday. Deutsche Lufthansa has a twelve month low of $5.69 and a twelve month high of $10.68. The stock has a market cap of $12.64 billion, a P/E ratio of 6.55, a P/E/G ratio of 1.32 and a beta of 0.86. The stock has a 50 day moving average of $9.52 and a 200 day moving average of $9.01. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 1.05.

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

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 its most recent filing with the Securities and Exchange Commission. The firm owned 9,270 shares of the transportation company’s stock after buying an additional 8,336 shares during the quarter. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 at the end of the most recent reporting period.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.