Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down After Analyst Downgrade

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares gapped down before the market opened on Wednesday after Barclays downgraded the stock from an equal weight rating to an underweight rating. The stock had previously closed at $10.09, but opened at $9.80. Deutsche Lufthansa shares last traded at $9.62, with a volume of 21,126 shares trading hands.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a report on Wednesday, January 7th. Kepler Capital Markets upgraded 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 research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Deutsche Lufthansa

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC lifted its position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,270 shares of the transportation company’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

Deutsche Lufthansa Stock Performance

The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 1.05. The company has a market cap of $11.55 billion, a PE ratio of 5.99, a PEG ratio of 1.27 and a beta of 0.86. The business’s 50 day moving average is $9.59 and its two-hundred day moving average is $9.06.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.01. Deutsche Lufthansa had a return on equity of 15.73% and a net margin of 4.45%.The firm had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $12.98 billion. On average, equities research analysts anticipate that Deutsche Lufthansa AG will post 0.87 EPS for the current year.

Deutsche Lufthansa Company Profile

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.