Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down – What’s Next?
by Doug Wharley · The Cerbat GemDeutsche Lufthansa AG (OTCMKTS:DLAKY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $9.28, but opened at $8.58. Deutsche Lufthansa shares last traded at $9.0260, with a volume of 4,572 shares changing hands.
Analyst Ratings Changes
A number of analysts have recently issued reports on DLAKY shares. Barclays upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Morgan Stanley upgraded shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a report on Wednesday, January 7th. Zacks Research downgraded shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group downgraded shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Check Out Our Latest Research Report on DLAKY
Deutsche Lufthansa Stock Down 2.3%
The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.73. The firm’s 50 day moving average is $9.73 and its two-hundred day moving average is $9.46. The firm has a market capitalization of $10.88 billion, a P/E ratio of 6.67, a PEG ratio of 0.48 and a beta of 0.96.
Deutsche Lufthansa (OTCMKTS:DLAKY – Get Free Report) last released its earnings results on Friday, March 6th. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). Deutsche Lufthansa had a net margin of 3.63% and a return on equity of 13.15%. The firm had revenue of $11.52 billion during the quarter, compared to the consensus estimate of $11.38 billion. Research analysts predict that Deutsche Lufthansa AG 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.