Deutsche Lufthansa (OTCMKTS:DLAKY) Cut to “Underweight” at Morgan Stanley

Morgan Stanley cut shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from an equal weight rating to an underweight rating in a research note published on Wednesday morning, Marketbeat.com reports.

A number of other brokerages have also issued reports on DLAKY. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating on shares of Deutsche Lufthansa in a report on Wednesday, March 27th. Stifel Nicolaus lowered shares of Deutsche Lufthansa from a buy rating to a hold rating in a report on Thursday, June 20th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold.

Deutsche Lufthansa Stock Up 0.5 %

Shares of OTCMKTS:DLAKY opened at $6.38 on Wednesday. The firm’s 50 day moving average price is $6.79 and its 200-day moving average price is $7.48. Deutsche Lufthansa has a twelve month low of $6.06 and a twelve month high of $10.16. The stock has a market capitalization of $7.63 billion, a PE ratio of 5.27, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its earnings results on Tuesday, April 30th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.73) by $0.07. The company had revenue of $8.03 billion during the quarter. Deutsche Lufthansa had a net margin of 3.94% and a return on equity of 17.33%. Analysts expect that Deutsche Lufthansa will post 1.03 earnings per share for the current fiscal 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.