Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Cross Above 200-Day Moving Average – Here’s Why

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.87 and traded as high as $7.93. Deutsche Lufthansa shares last traded at $7.79, with a volume of 32,843 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DLAKY. Barclays cut shares of Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, March 12th. Citigroup upgraded Deutsche Lufthansa from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Deutsche Lufthansa currently has a consensus rating of “Moderate Buy”.

Deutsche Lufthansa Price Performance

The firm’s fifty day simple moving average is $7.14 and its 200-day simple moving average is $6.87. The firm has a market capitalization of $9.33 billion, a PE ratio of 9.38, a PEG ratio of 1.07 and a beta of 1.16. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.17.

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.