Deutsche Lufthansa (OTCMKTS:DLAKY) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on DLAKY. Barclays cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 14th. Kepler Capital Markets upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. Citigroup downgraded shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research note on Monday, December 1st. Finally, Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Deutsche Lufthansa Trading Up 1.1%

Shares of Deutsche Lufthansa stock traded up $0.12 during trading hours on Wednesday, hitting $10.76. The company’s stock had a trading volume of 7,295 shares, compared to its average volume of 46,532. The stock has a market cap of $12.90 billion, a price-to-earnings ratio of 6.68, a P/E/G ratio of 0.73 and a beta of 0.87. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.77 and a current ratio of 0.85. Deutsche Lufthansa has a twelve month low of $6.21 and a twelve month high of $11.29. The firm has a fifty day moving average of $10.25 and a 200-day moving average of $9.39.

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.