Deutsche Lufthansa (OTCMKTS:DLAKY) Raised to Overweight at Morgan Stanley

Deutsche Lufthansa (OTCMKTS:DLAKY) was upgraded by Morgan Stanley from an “underweight” rating to an “overweight” rating in a research note issued to investors on Wednesday.

Several other research firms have also recently issued reports on DLAKY. JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a report on Monday, December 1st. Kepler Capital Markets raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 12th. Finally, Citigroup cut Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Performance

Shares of DLAKY stock opened at $10.39 on Wednesday. The stock has a fifty day moving average price of $9.43 and a 200 day moving average price of $8.99. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.77 and a current ratio of 0.85. The stock has a market cap of $12.45 billion, a PE ratio of 6.45, a P/E/G ratio of 1.24 and a beta of 0.86. Deutsche Lufthansa has a 1 year low of $5.69 and a 1 year high of $10.39.

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

Institutional Trading of Deutsche Lufthansa

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC boosted its stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

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.