Deutsche Lufthansa (OTCMKTS:DLAKY) Rating Increased to Strong-Buy at Citigroup

Citigroup upgraded shares of Deutsche Lufthansa (OTCMKTS:DLAKY) from a strong sell rating to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

Several other research analysts have also commented on DLAKY. Barclays upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 1st. Morgan Stanley upgraded shares of Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus upgraded shares of Deutsche Lufthansa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Deutsche Lufthansa Stock Down 4.3 %

Shares of OTCMKTS:DLAKY opened at $5.81 on Wednesday. The company has a market capitalization of $6.96 billion, a P/E ratio of 7.00, a P/E/G ratio of 1.32 and a beta of 1.21. The stock’s fifty day simple moving average is $6.59 and its 200-day simple moving average is $6.60. Deutsche Lufthansa has a 52-week low of $5.74 and a 52-week high of $8.50.

About Deutsche Lufthansa

Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.