Deutsche Lufthansa AG (DLAKY) Lifted to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Deutsche Lufthansa AG (NASDAQ:DLAKY) from a strong sell rating to a buy rating in a research note issued to investors on Tuesday morning. They currently have $12.00 target price on the stock.
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. “
Separately, Deutsche Bank AG cut Deutsche Lufthansa AG from a hold rating to a sell rating in a report on Wednesday, September 7th.
Shares of Deutsche Lufthansa AG (NASDAQ:DLAKY) traded down 1.89% on Tuesday, reaching $10.41. The company’s stock had a trading volume of 6,751 shares. Deutsche Lufthansa AG has a 12 month low of $10.38 and a 12 month high of $17.10. The stock has a market cap of $4.84 billion and a P/E ratio of 3.67. The firm’s 50-day moving average price is $11.65 and its 200-day moving average price is $13.14.
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