Deutsche Lufthansa (ETR:LHA) Rating Cut
Deutsche Lufthansa (ETR:LHA)’s rating was cut by research analysts at Goldman Sachs Group Inc. to a “Sell” rating in a research report revealed on Thursday morning.
The rating downgrade was most probably noticed by investors, as ETR:LHA is currently trading -2.92% lower at EUR 9.94 as of 20:06 Frankfurt time. Deutsche Lufthansa’s stock is down -34.46% over the past 200 days. It has underperformed the S&P 500, which has increased 2.61% over the same time period.
ETR:LHA Price Chart & Trend
The stock price of Deutsche Lufthansa lost 34.46% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Deutsche Lufthansa is down 3.63% and down 21.76%, respectively. Our stocks momentum model is shown on the price chart below.
Deutsche Lufthansa (ETR:LHA) Profile
Deutsche Lufthansa AG is an aviation company. The Company’s segments include Passenger Airline Group; Logistics; maintenance, repair and overhaul services (MRO), Catering and Other. The Company’s fleet consists of approximately 600 aircrafts.
Deutsche Lufthansa (ETR:LHA) traded down -2.92% on 13 October, hitting EUR 9.94. A total of 7.00 million shares of the company’s stock traded hands. This is up from average of 6.60 million shares. Deutsche Lufthansa has a 52 week low of EUR 9.14 and a 52 week high of EUR 15.41. The company has a market cap of 4.63 billion EUR and a P/E ratio of 3.92.
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