Deutsche Lufthansa AG (DLAKY) Earns Underperform Rating from Analysts at Sanford C. Bernstein
Sanford C. Bernstein assumed coverage on shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) in a report published on Tuesday, MarketBeat reports. The brokerage issued an underperform rating on the transportation company’s stock.
Several other equities research analysts also recently weighed in on DLAKY. Zacks Investment Research raised Deutsche Lufthansa AG from a sell rating to a hold rating in a research report on Friday, March 17th. Kepler Capital Markets raised Deutsche Lufthansa AG from a reduce rating to a hold rating in a research report on Friday, May 12th. ValuEngine raised Deutsche Lufthansa AG from a buy rating to a strong-buy rating in a research report on Wednesday, May 31st. HSBC Holdings plc raised Deutsche Lufthansa AG from a hold rating to a buy rating in a research report on Friday, June 2nd. Finally, Credit Suisse Group upgraded Deutsche Lufthansa AG from an underperform rating to a neutral rating in a research report on Tuesday, June 13th. Five research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $19.00.
Shares of Deutsche Lufthansa AG (OTCMKTS DLAKY) opened at 22.52 on Tuesday. The firm’s 50-day moving average price is $19.94 and its 200 day moving average price is $16.11. Deutsche Lufthansa AG has a 12-month low of $10.35 and a 12-month high of $21.26. The company’s market cap is $10.59 billion.
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A hedge fund recently raised its stake in Deutsche Lufthansa AG stock. Parametric Portfolio Associates LLC raised its position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,071 shares of the transportation company’s stock after buying an additional 12,769 shares during the period. Parametric Portfolio Associates LLC’s holdings in Deutsche Lufthansa AG were worth $4,612,000 as of its most recent filing with the SEC. 0.16% of the stock is owned by institutional investors.
About Deutsche Lufthansa AG
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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