Deutsche Lufthansa (OTCMKTS:DLAKY) Share Price Passes Below 50 Day Moving Average – Here’s Why

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.88 and traded as low as $6.66. Deutsche Lufthansa shares last traded at $6.68, with a volume of 35,594 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DLAKY. Barclays upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 1st. Morgan Stanley cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 10th. Citigroup lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus raised shares of Deutsche Lufthansa from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Deutsche Lufthansa currently has a consensus rating of “Hold”.

Deutsche Lufthansa Price Performance

The business has a 50-day simple moving average of $6.89 and a 200 day simple moving average of $6.75. The firm has a market cap of $8.00 billion, a PE ratio of 6.61, a PEG ratio of 1.31 and a beta of 1.24.

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.