Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down on Analyst Downgrade

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s share price gapped down before the market opened on Wednesday after Barclays downgraded the stock from an equal weight rating to an underweight rating. The stock had previously closed at $10.09, but opened at $9.80. Deutsche Lufthansa shares last traded at $9.62, with a volume of 21,126 shares traded.

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

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC boosted 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. The fund owned 9,270 shares of the transportation company’s stock after purchasing 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 Trading Up 1.8%

The firm has a 50 day moving average of $9.63 and a 200 day moving average of $9.07. The firm has a market cap of $11.61 billion, a PE ratio of 6.02, a P/E/G ratio of 1.19 and a beta of 0.86. 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 issued its earnings results 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 firm had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.98 billion. Deutsche Lufthansa had a return on equity of 15.73% and a net margin of 4.45%. Equities analysts anticipate that Deutsche Lufthansa AG will post 0.87 earnings per share for the current year.

About Deutsche Lufthansa

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.