Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totalling 40,500 shares, a decrease of 42.0% from the August 31st total of 69,800 shares. Based on an average daily volume of 124,700 shares, the days-to-cover ratio is currently 0.3 days.
Analysts Set New Price Targets
A number of brokerages have weighed in on DLAKY. Stifel Nicolaus cut shares of Deutsche Lufthansa from a “hold” rating to a “sell” rating in a research report on Monday, July 15th. Morgan Stanley cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.
Check Out Our Latest Report on DLAKY
Deutsche Lufthansa Stock Performance
Deutsche Lufthansa (OTCMKTS:DLAKY – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Deutsche Lufthansa had a net margin of 2.73% and a return on equity of 11.45%. The firm had revenue of $10.77 billion during the quarter. On average, analysts forecast that Deutsche Lufthansa will post 0.91 EPS for the current year.
Deutsche Lufthansa Company Profile
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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