Zacks: Commerzbank AG (NASDAQ:CRZBY) Given Average Recommendation of “Strong Buy” by Analysts
Shares of Commerzbank AG (NASDAQ:CRZBY) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation. Commerzbank AG’s rating score has improved by 80% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Zacks has also assigned Commerzbank AG an industry rank of 58 out of 265 based on the ratings given to its competitors.
Separately, UBS AG raised shares of Commerzbank AG from a “sell” rating to a “buy” rating in a research note on Wednesday, May 31st.
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Several large investors have recently made changes to their positions in CRZBY. Capital One National Association bought a new stake in shares of Commerzbank AG during the first quarter worth $325,000. World Asset Management Inc raised its stake in shares of Commerzbank AG by 1.5% in the first quarter. World Asset Management Inc now owns 78,058 shares of the financial services provider’s stock worth $708,000 after buying an additional 1,135 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Commerzbank AG by 3.4% in the first quarter. Parametric Portfolio Associates LLC now owns 1,156,623 shares of the financial services provider’s stock worth $10,398,000 after buying an additional 38,318 shares during the last quarter. Finally, Thornburg Investment Management Inc. bought a new stake in shares of Commerzbank AG during the first quarter worth $25,731,000.
Commerzbank AG (CRZBY) opened at 13.48 on Friday. The company has a market cap of $16.88 billion and a PE ratio of 44.34. Commerzbank AG has a 52-week low of $6.14 and a 52-week high of $13.67. The stock’s 50 day moving average is $12.19 and its 200-day moving average is $9.94.
About Commerzbank AG
Commerzbank AG is a bank for private and corporate customers. The Bank’s business segments are Private Customers, Mittelstandsbank, Central & Eastern Europe, Corporates & Markets and Non-Core Assets. The Private Customers segment comprises the Private Customers, Direct Banking and Commerz Real Group divisions.
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