JPMorgan Chase & Co. Upgrades Deutsche Lufthansa (OTCMKTS:DLAKY) to Neutral

Deutsche Lufthansa (OTCMKTS:DLAKY) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Monday, Marketbeat.com reports.

Several other equities analysts also recently commented on DLAKY. Morgan Stanley began coverage on Deutsche Lufthansa in a research report on Wednesday, October 15th. They issued an “underweight” rating on the stock. Barclays raised Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research note on Monday, August 4th. Finally, Citigroup downgraded Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Deutsche Lufthansa Stock Performance

DLAKY opened at $9.66 on Monday. The company has a 50 day simple moving average of $8.75 and a two-hundred day simple moving average of $8.65. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.71. The firm has a market cap of $11.58 billion, a P/E ratio of 6.00, a PEG ratio of 1.25 and a beta of 0.89. Deutsche Lufthansa has a 1-year low of $5.69 and a 1-year high of $9.72.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $13.06 billion for the quarter, compared to analysts’ expectations of $12.98 billion. Deutsche Lufthansa had a net margin of 4.45% and a return on equity of 15.73%. Equities analysts forecast that Deutsche Lufthansa will post 0.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC increased its stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 Company Profile

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.