Deutsche Lufthansa (OTCMKTS:DLAKY) Sets New 1-Year High – Should You Buy?

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares hit a new 52-week high on Friday . The stock traded as high as $10.80 and last traded at $10.80, with a volume of 12563 shares traded. The stock had previously closed at $10.57.

Analyst Ratings Changes

A number of research firms recently commented on DLAKY. Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. Barclays lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 14th. Kepler Capital Markets upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Finally, Zacks Research raised shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Deutsche Lufthansa Trading Up 2.3%

The company’s 50-day moving average is $10.00 and its 200-day moving average is $9.25. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.72 and a beta of 0.87. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.05.

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.