Deutsche Lufthansa AG (OTCMKTS:DLAKY) Stock Rating Upgraded by Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) from an underperform rating to a market perform rating in a report released on Friday, September 1st, Marketbeat Ratings reports.

DLAKY has been the subject of a number of other research reports. HSBC Holdings plc upgraded shares of Deutsche Lufthansa AG from a hold rating to a buy rating in a research note on Friday, June 2nd. Kepler Capital Markets upgraded shares of Deutsche Lufthansa AG from a reduce rating to a hold rating in a research note on Friday, May 12th. Credit Suisse Group upgraded shares of Deutsche Lufthansa AG from an underperform rating to a neutral rating in a research note on Tuesday, June 13th. Morgan Stanley upgraded shares of Deutsche Lufthansa AG from an underweight rating to an equal weight rating in a research note on Tuesday, August 29th. Finally, ValuEngine upgraded shares of Deutsche Lufthansa AG from a buy rating to a strong-buy rating in a research note on Wednesday, May 31st. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $19.00.

Deutsche Lufthansa AG (DLAKY) traded up 0.26% during trading on Friday, reaching $26.86. The company had a trading volume of 3,930 shares. The firm has a market capitalization of $12.58 billion, a PE ratio of 5.20 and a beta of 0.47. The firm’s 50 day moving average price is $24.49 and its 200 day moving average price is $20.18. Deutsche Lufthansa AG has a 12-month low of $10.35 and a 12-month high of $27.52.

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A hedge fund recently raised its stake in Deutsche Lufthansa AG stock. Parametric Portfolio Associates LLC lifted its position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 4.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 285,071 shares of the transportation company’s stock after buying an additional 12,769 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Deutsche Lufthansa AG were worth $4,612,000 at the end of the most recent quarter. Institutional investors own 0.16% of the company’s stock.

About Deutsche Lufthansa AG

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.

Analyst Recommendations for Deutsche Lufthansa AG (OTCMKTS:DLAKY)

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