Deutsche Lufthansa (OTCMKTS:DLAKY) Raised to Hold at HSBC

HSBC upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKYGet Rating) from a reduce rating to a hold rating in a research report released on Tuesday morning, The Fly reports.

Several other analysts have also recently issued reports on the company. UBS Group raised their target price on Deutsche Lufthansa from €7.25 ($7.40) to €7.80 ($7.96) and gave the stock a neutral rating in a research note on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft raised their target price on Deutsche Lufthansa from €8.00 ($8.16) to €8.50 ($8.67) in a research note on Monday, October 24th. Citigroup raised their target price on Deutsche Lufthansa from €8.50 ($8.67) to €9.50 ($9.69) and gave the stock a buy rating in a research note on Thursday, August 18th. AlphaValue raised Deutsche Lufthansa to a reduce rating in a research report on Friday, September 2nd. Finally, BNP Paribas raised Deutsche Lufthansa from an underperform rating to a neutral rating in a research report on Wednesday, November 2nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $7.33.

Deutsche Lufthansa Stock Up 1.6 %

DLAKY opened at $7.68 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.83. The company has a market cap of $4.59 billion, a P/E ratio of -54.86 and a beta of 1.14. Deutsche Lufthansa has a 12 month low of $5.40 and a 12 month high of $8.95. The business’s 50-day moving average price is $6.50 and its 200-day moving average price is $6.46.

Deutsche Lufthansa (OTCMKTS:DLAKYGet Rating) last posted its earnings results on Thursday, October 27th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.08. The company had revenue of $10.15 billion for the quarter. Deutsche Lufthansa had a return on equity of 1.99% and a net margin of 0.24%. On average, equities analysts expect that Deutsche Lufthansa will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Deutsche Lufthansa

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Yousif Capital Management LLC bought a new stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKYGet Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 19,989 shares of the transportation company’s stock, valued at approximately $115,000.

Deutsche Lufthansa Company Profile

(Get Rating)

Deutsche Lufthansa AG operates as an aviation company in Germany and internationally. The company's Network Airlines segment offers passenger services. Its Eurowings segment provides passenger services through a route network of more than 100 destinations in over 50 countries. The company's Logistics Business segment offers transport services for various cargoes, including general cargo, dangerous goods, valuables, vulnerable, perishables, live animals, courier, emergency, airmail/e-commerce, and temperature sensitive goods services approximately 300 destinations in 100 countries.

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