Deutsche Lufthansa (OTCMKTS:DLAKY) Rating Lowered to Strong Sell at Citigroup

Citigroup downgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a strong-buy rating to a strong sell rating in a research note released on Tuesday, Zacks.com reports.

DLAKY has been the subject of several other research reports. Morgan Stanley lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 10th. Stifel Nicolaus cut shares of Deutsche Lufthansa from a “hold” rating to a “sell” rating in a report on Monday, July 15th. Finally, Barclays upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Deutsche Lufthansa presently has an average rating of “Hold”.

Deutsche Lufthansa Stock Performance

Shares of DLAKY opened at $7.29 on Tuesday. The firm’s 50-day simple moving average is $6.67 and its two-hundred day simple moving average is $6.79. Deutsche Lufthansa has a fifty-two week low of $6.05 and a fifty-two week high of $9.27. The stock has a market cap of $8.72 billion, a PE ratio of 6.02, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). The company had revenue of $10.77 billion during the quarter. Deutsche Lufthansa had a return on equity of 11.45% and a net margin of 2.73%. Equities research analysts predict that Deutsche Lufthansa will post 0.91 EPS for the current year.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.