Zacks Investment Research upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a hold rating to a strong-buy rating in a research note released on Thursday morning. They currently have $43.00 target price on the transportation company’s stock.
According to Zacks, “Lufthansa German Airlines operates as an autonomous unit within the Lufthansa Group. It maintains its own stations, handling check-in, ticket sales and other services at all the major international airports. Lufthansa is a founding member of the Star Alliance, the world’s first multilateral airline grouping. “
Separately, Deutsche Bank raised Deutsche Lufthansa from a hold rating to a buy rating in a research report on Friday, December 1st. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $43.00.
An institutional investor recently raised its position in Deutsche Lufthansa stock. Parametric Portfolio Associates LLC boosted its holdings in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,265 shares of the transportation company’s stock after acquiring an additional 5,194 shares during the quarter. Parametric Portfolio Associates LLC owned 0.06% of Deutsche Lufthansa worth $6,621,000 at the end of the most recent quarter. 0.14% of the stock is owned by institutional investors and hedge funds.
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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