Deutsche Lufthansa (OTCMKTS:DLAKY) Downgraded by The Goldman Sachs Group to “Sell”

The Goldman Sachs Group downgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a neutral rating to a sell rating in a research report released on Friday morning, MarketBeat.com reports.

Several other equities analysts have also weighed in on DLAKY. Barclays raised shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Kepler Capital Markets raised shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. JPMorgan Chase & Co. upgraded shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research note 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. Finally, Zacks Research downgraded shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Deutsche Lufthansa Stock Performance

Shares of OTCMKTS DLAKY opened at $8.54 on Friday. 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 capitalization of $10.24 billion, a P/E ratio of 6.28, a P/E/G ratio of 0.44 and a beta of 0.84. Deutsche Lufthansa has a 12 month low of $6.21 and a 12 month high of $11.29. The stock has a 50 day moving average of $10.12 and a 200-day moving average of $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 for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Deutsche Lufthansa had a net margin of 3.63% and a return on equity of 13.47%. The business had revenue of $11.52 billion during the quarter, compared to the consensus estimate of $11.38 billion. As a group, equities research analysts predict that Deutsche Lufthansa 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.