Deutsche Lufthansa (OTCMKTS:DLAKY) Upgraded to Buy at UBS Group

Deutsche Lufthansa (OTCMKTS:DLAKY – Get Rating) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, The Fly reports.

Several other equities analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Deutsche Lufthansa from €8.50 ($9.14) to €9.00 ($9.68) and gave the company a “hold” rating in a report on Tuesday, December 13th. Bank of America raised Deutsche Lufthansa from an “underperform” rating to a “neutral” rating in a report on Thursday, December 8th. Morgan Stanley started coverage on Deutsche Lufthansa in a research note on Tuesday, January 10th. They issued an “underweight” rating on the stock. HSBC upgraded Deutsche Lufthansa from a “hold” rating to a “buy” rating in a research note on Monday, March 6th. Finally, Barclays started coverage on Deutsche Lufthansa in a research note on Tuesday, February 21st. They issued an “overweight” rating on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.42.

Deutsche Lufthansa Stock Performance

OTCMKTS DLAKY opened at $10.57 on Wednesday. The stock has a 50-day simple moving average of $10.30 and a 200 day simple moving average of $8.17. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.93 and a quick ratio of 0.89. Deutsche Lufthansa has a twelve month low of $5.40 and a twelve month high of $11.67.

Deutsche Lufthansa (OTCMKTS:DLAKY – Get Rating) last posted its quarterly earnings results on Friday, March 3rd. The transportation company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.08). The firm had revenue of $9.06 billion during the quarter. Deutsche Lufthansa had a net margin of 2.19% and a return on equity of 9.46%. On average, research analysts forecast that Deutsche Lufthansa will post 1.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Deutsche Lufthansa stock. Yousif Capital Management LLC acquired a new position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,989 shares of the transportation company’s stock, valued at approximately $115,000.

About Deutsche Lufthansa

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Deutsche Lufthansa AG engages in the provision of passenger, freight, and cargo airline services. It operates through the following segments: Network Airlines, Eurowings, Logistics, Maintenance Repair Overhaul, Catering and Additional Businesses and Group Functions. The Network Airlines segment comprises Lufthansa German Airlines, SWISS, and Austrian Airlines.