Deutsche Lufthansa (OTCMKTS:DLAKY) Sets New 52-Week Low – Here’s Why

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.69 and last traded at $5.73, with a volume of 270037 shares traded. The stock had previously closed at $5.81.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DLAKY shares. Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a report on Tuesday, November 5th. Barclays upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 1st. Citigroup raised shares of Deutsche Lufthansa from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus raised shares of Deutsche Lufthansa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Deutsche Lufthansa Price Performance

The business has a 50-day moving average of $6.52 and a two-hundred day moving average of $6.60. The company has a market cap of $7.07 billion, a P/E ratio of 5.59, a P/E/G ratio of 0.93 and a beta of 1.21.

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.