Deutsche Lufthansa (OTCMKTS:DLAKY) Raised to “Strong-Buy” at Citigroup

Deutsche Lufthansa (OTCMKTS:DLAKY) was upgraded by equities research analysts at Citigroup from a “strong sell” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Barclays raised shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 1st. Stifel Nicolaus upgraded Deutsche Lufthansa from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley raised Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Deutsche Lufthansa Stock Performance

Deutsche Lufthansa stock opened at $5.81 on Wednesday. Deutsche Lufthansa has a fifty-two week low of $5.74 and a fifty-two week high of $8.50. The firm’s fifty day moving average price is $6.59 and its 200-day moving average price is $6.60. The stock has a market cap of $6.96 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 1.32 and a beta of 1.21.

About Deutsche Lufthansa

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.