Deutsche Lufthansa (OTCMKTS: DLAKY) share rating downgraded by Goldman Sachs group

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Deutsche Lufthansa (OTCMKTS: DLAKY) was downgraded by equity researchers at Goldman Sachs from a “neutral” rating to a “sell” rating in a note issued to investors on Monday, Fly reports.

Several other equity research analysts also recently commented on the stock. Kepler Capital Markets downgraded Deutsche Lufthansa’s stock rating from a “buy” rating to a “keep” rating in a research report published on Friday, April 23. Societe Generale reissued a “sell” note on Deutsche Lufthansa shares in a research note on Thursday (February 18th). Credit Suisse Group reaffirmed an “underperformance” rating on Deutsche Lufthansa shares in a report released Tuesday, May 4. Berenberg Bank reiterated a “sell” note on Deutsche Lufthansa shares in a report released on Monday (March 8). To finish, Zacks investment research changed Deutsche Lufthansa from a “buy” note to a “keep” note in a Tuesday May 11 research note. Eight analysts rated the stock with a sell rating and two gave the stock a conservation rating. The stock currently has a consensus rating of “Sell” and an average price target of $ 16.00.

Actions of OTCMKTS: DLAKY traded up $ 0.13 in Monday’s session, reaching $ 13.28. 48,735 shares of the stock were traded, for an average volume of 45,312. Deutsche Lufthansa has a one-year low at $ 8.11 and a one-year high at $ 15.56. The stock has a fifty-day moving average price of $ 13.14. The company has a leverage ratio of 8.83, a quick ratio of 0.64, and a current ratio of 0.68. The stock has a market cap of $ 7.94 billion, a price-to-earnings ratio of -0.87 and a beta of 1.39.

Deutsche Lufthansa (OTCMKTS: DLAKY) last announced its quarterly results on Thursday, March 4. The transportation company reported ($ 2.53) EPS for the quarter. Deutsche Lufthansa had a negative net margin of 49.68% and a negative return on equity of 120.84%. The company posted revenue of $ 3.09 billion for the quarter. Stock analysts expect Deutsche Lufthansa to post earnings per share of -4.15 for the current fiscal year.

An institutional investor recently increased its position in Deutsche Lufthansa stock. Captrust Financial Advisors increased its stake in shares of Deutsche Lufthansa AG (OTCMKTS: DLAKY) by 665.5% in the fourth quarter, according to its latest Form 13F filed with the Securities and Exchange Commission. The company held 2,220 shares of the transport company after acquiring an additional 1,930 shares during the quarter. Captrust Financial Advisors’ holdings in Deutsche Lufthansa were worth $ 29,000 at the time of its last filing with the SEC. Institutional investors hold 0.08% of the company’s shares.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG operates as an airline in Germany and internationally. The company’s Network Airlines segment provides passenger services through a network of routes to 273 destinations in 86 countries. Its Eurowings segment provides passenger services through a network of routes to more than 210 destinations in 60 countries.

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Analyst Recommendations for Deutsche Lufthansa (OTCMKTS: DLAKY)

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