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Deutsche Lufthansa (OTCMKTS:DLAKY) Hits New 12-Month Low - Here's What Happened

Deutsche Lufthansa logo with Transportation background

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $5.99 and last traded at $6.07, with a volume of 149995 shares changing hands. The stock had previously closed at $6.15.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Morgan Stanley upgraded Deutsche Lufthansa from an "underweight" rating to an "equal weight" rating in a research report on Tuesday, November 5th. Citigroup downgraded shares of Deutsche Lufthansa from a "strong-buy" rating to a "strong sell" rating in a research report on Tuesday, October 15th. Stifel Nicolaus upgraded shares of Deutsche Lufthansa from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. Finally, Barclays upgraded shares of Deutsche Lufthansa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

Read Our Latest Stock Report on Deutsche Lufthansa

Deutsche Lufthansa Price Performance

The company has a fifty day moving average of $6.62 and a 200 day moving average of $6.61. The firm has a market capitalization of $7.27 billion, a P/E ratio of 7.31, a PEG ratio of 1.32 and a beta of 1.21.

About Deutsche Lufthansa

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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