Zacks Investment Research downgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a buy rating to a hold rating in a research report sent to investors on Tuesday, December 26th.
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. “
A number of other analysts have also weighed in on DLAKY. Sanford C. Bernstein raised shares of Deutsche Lufthansa from an underperform rating to a market perform rating in a report on Friday, September 1st. Deutsche Bank raised shares of Deutsche Lufthansa from a hold rating to a buy rating in a report on Friday, December 1st. Finally, Morgan Stanley raised shares of Deutsche Lufthansa from an underweight rating to an equal weight rating in a report on Tuesday, August 29th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $43.00.
An institutional investor recently raised its position in Deutsche Lufthansa stock. Parametric Portfolio Associates LLC raised its holdings in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 290,265 shares of the transportation company’s stock after buying an additional 5,194 shares during the period. Parametric Portfolio Associates LLC owned 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 institutional investors and hedge funds.
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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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