Citigroup raises Deutsche Lufthansa (OTCMKTS:DLAKY) price target to €9.50

Deutsche Lufthansa (OTCMKTS:DLAKY – Get a rating) had its target price raised by Citigroup equity researchers from €8.50 ($8.67) to €9.50 ($9.69) in a research report released Thursday, reports The Fly. The brokerage currently has a “buy” rating on the shares of the transportation company.

DLAKY has been the subject of several other reports. UBS Group raised its price target on Deutsche Lufthansa shares from €7.25 ($7.40) to €7.80 ($7.96) and gave the company a “neutral” rating in a research note from Tuesday, August 9. Sanford C. Bernstein downgraded Deutsche Lufthansa shares from a “market performer” rating to an “underperformer” rating in a Thursday, June 30 research memo. Deutsche Bank Aktiengesellschaft lowered its price target on Deutsche Lufthansa shares from €8.00 ($8.16) to €7.50 ($7.65) in a Friday, June 24 research note. Morgan Stanley raised its price target on Deutsche Lufthansa shares from €6.00 ​​($6.12) to €7.00 ($7.14) in a Friday May 6 research note. Finally, Barclays raised its price target on Deutsche Lufthansa shares from €5.20 ($5.31) to €5.70 ($5.82) and gave the stock an “underweight” rating. in a Thursday, May 12, research report. Six analysts gave the stock a sell rating, six gave the company a hold rating and three gave the company a buy rating. According to MarketBeat.com, Deutsche Lufthansa currently has a consensus rating of “Hold” and a consensus target price of $7.28.

Deutsche Lufthansa shares down 3.9%

Shares of OTCMKTS:DLAKY traded down $0.27 in Thursday’s midday session, hitting $6.61. The stock had a trading volume of 63,057 shares, compared to an average trading volume of 66,375. Deutsche Lufthansa has a 12-month low of $5.53 and a 12-month high of $11.09. The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt ratio of 2.67. The company’s 50-day simple moving average is $6.25 and its 200-day simple moving average is $7.17. The company has a market capitalization of $3.95 billion, a P/E ratio of -6.54 and a beta of 1.17.

About Deutsche Lufthansa

(Get a rating)

Deutsche Lufthansa AG operates as an airline in Germany and internationally. The Company’s Network Airlines segment provides passenger services. Its Eurowings segment provides passenger services via a route network of more than 100 destinations in more than 50 countries. The Company’s Logistics segment offers transportation services for various cargoes, including general cargo, dangerous goods, valuables, vulnerable commodities, perishables, live animals, courier services, emergency, airmail/e-commerce and temperature-sensitive goods services to approximately 300 destinations in 100 countries.

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Analyst recommendations for Deutsche Lufthansa (OTCMKTS: DLAKY)

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