Barclays Downgrades Deutsche Lufthansa (OTCMKTS:DLAKY) to Underweight

Deutsche Lufthansa (OTCMKTS:DLAKY) was downgraded by Barclays from an “equal weight” rating to an “underweight” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports.

DLAKY has been the topic of several other reports. JPMorgan Chase & Co. raised shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Citigroup cut Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a report on Wednesday, January 7th. Finally, Kepler Capital Markets raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Deutsche Lufthansa has a consensus rating of “Hold”.

Deutsche Lufthansa Trading Up 1.8%

OTCMKTS:DLAKY opened at $9.69 on Wednesday. The company has a market cap of $11.61 billion, a P/E ratio of 6.02, a price-to-earnings-growth ratio of 1.19 and a beta of 0.86. Deutsche Lufthansa has a twelve month low of $5.80 and a twelve month high of $10.68. The business has a 50 day moving average price of $9.63 and a two-hundred day moving average price of $9.07. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.05.

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

Institutional Trading of Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC grew its holdings in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,270 shares of the transportation company’s stock after buying an additional 8,336 shares during the period. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 at the end of the most recent quarter.

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.