Deutsche Lufthansa (DLAKY) Rating Lowered to Sell at Zacks Investment Research
Deutsche Lufthansa (OTCMKTS:DLAKY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
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 research analysts have also weighed in on the stock. Credit Suisse Group raised shares of Deutsche Lufthansa from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Deutsche Bank raised shares of Deutsche Lufthansa from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Barclays lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.00.
A hedge fund recently raised its stake in Deutsche Lufthansa stock. Glenmede Trust Co. NA grew its position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,385 shares of the transportation company’s stock after purchasing an additional 1,538 shares during the period. Glenmede Trust Co. NA owned about 0.07% of Deutsche Lufthansa worth $11,854,000 at the end of the most recent reporting period. Institutional investors own 0.15% of the company’s stock.
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About Deutsche Lufthansa
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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