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

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s stock price gapped down prior to trading on Friday after The Goldman Sachs Group downgraded the stock from a neutral rating to a sell rating. The stock had previously closed at $8.74, but opened at $8.1450. Deutsche Lufthansa shares last traded at $8.43, with a volume of 74,719 shares traded.

Several other equities analysts have also recently commented on the stock. Barclays raised shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Zacks Research cut Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. Kepler Capital Markets raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 12th. Finally, JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Deutsche Lufthansa Trading Down 3.6%

The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 6.19, a price-to-earnings-growth ratio of 0.45 and a beta of 0.84. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.05. The firm’s 50 day moving average is $10.15 and its 200 day moving average is $9.45.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings results on Friday, March 6th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The business had revenue of $11.52 billion during the quarter, compared to analyst estimates of $11.38 billion. Deutsche Lufthansa had a return on equity of 13.47% and a net margin of 3.63%. Equities analysts forecast that Deutsche Lufthansa AG will post 0.87 earnings per share for the current year.

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.