Deutsche Lufthansa (DLAKY) Projected to Post Earnings on Thursday

Deutsche Lufthansa (OTCMKTS:DLAKY) is anticipated to announce its results before the market opens on Thursday, March 5th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

Deutsche Lufthansa Stock Down 5.4%

Shares of OTCMKTS DLAKY opened at $10.20 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.77. The stock has a market capitalization of $12.23 billion, a PE ratio of 6.34, a P/E/G ratio of 0.73 and a beta of 0.83. Deutsche Lufthansa has a one year low of $6.21 and a one year high of $11.29. The business’s fifty day moving average price is $10.35 and its 200-day moving average price is $9.47.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 14th. Zacks Research cut shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Kepler Capital Markets upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. raised shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a report on Monday, December 1st. Finally, Morgan Stanley raised Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.