Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 30,500 shares, a growth of 276.5% from the September 30th total of 8,100 shares. Based on an average daily trading volume, of 108,600 shares, the days-to-cover ratio is presently 0.3 days.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Morgan Stanley downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 10th. Stifel Nicolaus upgraded shares of Deutsche Lufthansa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Barclays upgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, Citigroup downgraded shares of Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Deutsche Lufthansa currently has an average rating of “Hold”.
Read Our Latest Stock Report on Deutsche Lufthansa
Deutsche Lufthansa Trading Down 0.7 %
Deutsche Lufthansa (OTCMKTS:DLAKY – Get Free Report) last posted its earnings results on Tuesday, July 30th. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). Deutsche Lufthansa had a net margin of 2.73% and a return on equity of 11.45%. The company had revenue of $10.77 billion during the quarter. As a group, analysts forecast that Deutsche Lufthansa will post 0.91 earnings per share for the current fiscal year.
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.
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