Deutsche Lufthansa AG (OTCMKTS:DLAKY) Given Average Recommendation of “Hold” by Brokerages

Deutsche Lufthansa AG (OTCMKTS:DLAKY) has been given a consensus rating of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company.

DLAKY has been the subject of several research reports. Nord/LB lowered Deutsche Lufthansa from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Sanford C. Bernstein raised Equinor ASA from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Monday, July 1st. Royal Bank of Canada reissued a “buy” rating on shares of OceanaGold in a report on Friday, July 5th. HSBC lowered Deutsche Lufthansa from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Finally, Societe Generale lowered Deutsche Lufthansa from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th.

OTCMKTS DLAKY traded up $0.03 on Friday, hitting $16.83. 34,325 shares of the stock traded hands, compared to its average volume of 31,398. The stock’s fifty day simple moving average is $17.89. Deutsche Lufthansa has a 12 month low of $16.48 and a 12 month high of $28.25. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 3.56 and a beta of 0.97. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.64 and a quick ratio of 0.59.

An institutional investor recently raised its position in Deutsche Lufthansa stock. Boston Advisors LLC boosted its holdings in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 29.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,652 shares of the transportation company’s stock after buying an additional 4,416 shares during the period. Boston Advisors LLC’s holdings in Deutsche Lufthansa were worth $431,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.20% of the company’s stock.

About Deutsche Lufthansa

Deutsche Lufthansa AG operates as an aviation company in Germany and internationally. It operates through Network Airlines, Point-to-Point Airlines, Logistics, MRO, Catering segments. The Network Airlines segment offers passenger services through a route network of 263 destinations in 86 countries. The Point-to-Point Airlines segment provides passenger services through a route network of 192 destinations in 62 countries.

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Analyst Recommendations for Deutsche Lufthansa (OTCMKTS:DLAKY)

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