Deutsche Lufthansa (OTCMKTS:DLAKY) Sets New 52-Week Low – Here’s Why

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $5.99 and last traded at $6.07, with a volume of 149995 shares trading hands. The stock had previously closed at $6.15.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DLAKY. Morgan Stanley upgraded shares of Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, November 5th. Barclays upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 1st. Citigroup lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus upgraded shares of Deutsche Lufthansa from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Down 4.3 %

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 PE ratio of 7.00, a P/E/G ratio of 1.32 and a beta of 1.21.

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.