Zacks Investment Research lowered shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a buy rating to a hold rating in a research report report published on Tuesday, December 26th.
According to Zacks, “Lufthansa German Airlines operates as an autonomous unit within the Lufthansa Group. It maintains its own stations, handling check-in, ticket sales and other services at all the major international airports. Lufthansa is a founding member of the Star Alliance, the world’s first multilateral airline grouping. “
Several other research analysts also recently commented on the stock. Deutsche Bank raised shares of Deutsche Lufthansa from a hold rating to a buy rating in a research note on Friday, December 1st. Sanford C. Bernstein raised shares of Deutsche Lufthansa from an underperform rating to a market perform rating in a research note on Friday, September 1st. Finally, Morgan Stanley raised shares of Deutsche Lufthansa from an underweight rating to an equal weight rating in a research note on Tuesday, August 29th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $43.00.
Deutsche Lufthansa (OTCMKTS DLAKY) opened at $37.07 on Tuesday. The company has a market cap of $17,310.00, a PE ratio of 8.08 and a beta of 0.67. Deutsche Lufthansa has a 12 month low of $12.17 and a 12 month high of $37.37. The company has a quick ratio of 1.00, a current ratio of 1.06 and a debt-to-equity ratio of 0.74.
A hedge fund recently raised its stake in Deutsche Lufthansa stock. Parametric Portfolio Associates LLC boosted its holdings in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,265 shares of the transportation company’s stock after acquiring an additional 5,194 shares during the period. Parametric Portfolio Associates LLC owned about 0.06% of Deutsche Lufthansa worth $6,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.14% of the stock is currently owned by institutional investors.
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About Deutsche Lufthansa
Deutsche Lufthansa AG is an aviation company. The Company’s segments include; Logistics; maintenance, repair and overhaul services (MRO), Catering and Other. Its Passenger Airline Group segment includes the airlines Lufthansa Passenger Airlines, SWISS, Austrian Airlines and Eurowings. Lufthansa Cargo is the logistics services provider in the Lufthansa Group.
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