Deutsche Lufthansa (DLAKY) Lifted to “Buy” at Deutsche Bank

Deutsche Bank upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a hold rating to a buy rating in a research note released on Friday morning.

A number of other research firms also recently weighed in on DLAKY. Morgan Stanley upgraded Deutsche Lufthansa from an underweight rating to an equal weight rating in a research note on Tuesday, August 29th. Sanford C. Bernstein upgraded Deutsche Lufthansa from an underperform rating to a market perform rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold.

Deutsche Lufthansa (DLAKY) opened at $34.95 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 0.91. The firm has a market capitalization of $16,470.54, a P/E ratio of 7.98 and a beta of 0.59. Deutsche Lufthansa has a one year low of $12.17 and a one year high of $35.20.

A hedge fund recently raised its stake in Deutsche Lufthansa stock. Parametric Portfolio Associates LLC raised its stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 290,265 shares of the transportation company’s stock after purchasing an additional 5,194 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.06% of Deutsche Lufthansa worth $6,621,000 at the end of the most recent reporting period. 0.14% of the stock is owned by hedge funds and other institutional investors.

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Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is an aviation company. The Company’s segments include; Logistics; maintenance, repair and overhaul services (MRO), Catering and Other. Its Passenger Airline Group segment includes the airlines Lufthansa Passenger Airlines, SWISS, Austrian Airlines and Eurowings. Lufthansa Cargo is the logistics services provider in the Lufthansa Group.

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