Deutsche Lufthansa (OTCMKTS:DLAKY) Trading 6.5% Higher – Here’s Why

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shot up 6.5% on Thursday . The company traded as high as $11.10 and last traded at $11.09. Approximately 43,845 shares traded hands during trading, a decline of 81% from the average session volume of 233,623 shares. The stock had previously closed at $10.41.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DLAKY shares. Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 8th. Morgan Stanley lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 26th. Zacks Research upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Finally, The Goldman Sachs Group downgraded shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Deutsche Lufthansa Trading Up 0.3%

The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $13.32 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 1.27 and a beta of 0.97. The stock’s fifty day moving average price is $9.54 and its two-hundred day moving average price is $9.73.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.35). The business had revenue of $10.28 billion for the quarter, compared to analysts’ expectations of $10.29 billion. Deutsche Lufthansa had a net margin of 3.83% and a return on equity of 13.46%. Sell-side analysts anticipate that Deutsche Lufthansa AG will post 1.15 earnings per share for the current year.

Hedge Funds Weigh In On Deutsche Lufthansa

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Sterling Capital Management LLC bought a new stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

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.