Rating to Follow: Does Deutsche Lufthansa (ETR:LHA) Look Bad? Commerzbank AG Downgrades It

November 23, 2016 - By Hazel Jackson

Rating to Follow:  Does Deutsche Lufthansa (ETR:LHA) Look Bad? Commerzbank AG Downgrades It

Deutsche Lufthansa (ETR:LHA) Downgrade

Deutsche Lufthansa (ETR:LHA) was downgraded by Commerzbank AG to a Reduce rating in a analysts report issued on Wednesday, 23 November. The firm currently has EUR 9.00 target price on the stock.

Deutsche Lufthansa AG (ETR:LHA) Ratings Coverage

Out of 23 analysts covering Deutsche Lufthansa (ETR:LHA), 5 rate it a “Buy”, 11 “Sell”, while 7 “Hold”. This means 22% are positive. €20 is the highest target while €7.50 is the lowest. The €11.77 average target is -8.26% below today’s (€12.83) stock price. Deutsche Lufthansa has been the topic of 103 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was upgraded by Equinet to “Buy” on Tuesday, April 26. Commerzbank maintained Deutsche Lufthansa AG (ETR:LHA) rating on Friday, September 18. Commerzbank has “Hold” rating and €13 price target. UBS upgraded Deutsche Lufthansa AG (ETR:LHA) on Tuesday, October 27 to “Buy” rating. As per Friday, September 23, the company rating was downgraded by Commerzbank. The rating was downgraded by JP Morgan to “Underweight” on Saturday, March 19. The firm has “Buy” rating given on Saturday, June 4 by Equinet. On Tuesday, February 16 the stock rating was upgraded by Kepler Cheuvreux to “Buy”. Commerzbank downgraded Deutsche Lufthansa AG (ETR:LHA) on Wednesday, November 23 to “Reduce” rating. Independent Research maintained the shares of LHA in a report on Monday, August 24 with “Neutral” rating. Equinet upgraded Deutsche Lufthansa AG (ETR:LHA) on Friday, December 4 to “Buy” rating.

About 1.67 million shares traded hands. Deutsche Lufthansa AG (ETR:LHA) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.

Deutsche Lufthansa AG is an aviation company. The company has a market cap of 6.01 billion EUR. The Company’s divisions include Passenger Airline Group; Logistics; maintenance, repair and overhaul services , Catering and Other. It has a 3.31 P/E ratio. The Company’s fleet consists of approximately 600 aircrafts.

More notable recent Deutsche Lufthansa AG (ETR:LHA) news were published by: Wsj.com which released: “Lufthansa Cancels Flights as Pilot Strike Begins” on November 23, 2016, also Wsj.com with their article: “Lufthansa Shares Plunge on Profit Warning as Terror Attacks Hit Bookings” published on July 21, 2016, Bloomberg.com published: “Lufthansa Predicts Difficult Second Half as Terror Damps Demand” on August 02, 2016. More interesting news about Deutsche Lufthansa AG (ETR:LHA) were released by: Wsj.com and their article: “Deutsche Lufthansa Pushes Back Decision on Takeover of Brussels Airlines” published on April 27, 2016 as well as Forbes.com‘s news article titled: “Relative Strength Alert For Deutsche Lufthansa” with publication date: September 29, 2016.

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