Zacks Investment Research upgraded shares of Deutsche Bank AG (NYSE:DB) from a sell rating to a hold rating in a report published on Wednesday morning.

According to Zacks, “Shares of Deutsche Bank on NYSE have underperformed the industry, year to date. The bank’s profitability remains threatened by a stressed operating environment and sluggish growth of the European economy. Also, margins continue to remain under pressure owing to low interest rates. The capital raising initiative will enable the banking giant to meet regulatory requirements, investment targets across core businesses, enhance its competitiveness and ease revenue growth challenges. However, Deutsche Bank’s expenses are likely to increase due to pending legal hassles.”

A number of other equities research analysts have also weighed in on DB. Macquarie lowered shares of Deutsche Bank AG from a neutral rating to an underperform rating in a report on Tuesday, August 15th. DZ Bank AG reissued a buy rating on shares of Deutsche Bank AG in a report on Thursday, July 27th. BidaskClub lowered shares of Deutsche Bank AG from a sell rating to a strong sell rating in a report on Friday, August 11th. J P Morgan Chase & Co reissued a neutral rating on shares of Deutsche Bank AG in a report on Monday, May 29th. Finally, HSBC Holdings plc lowered shares of Deutsche Bank AG from a hold rating to a reduce rating in a report on Friday, August 11th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and an average target price of $16.57.

Deutsche Bank AG (DB) opened at 16.63 on Wednesday. Deutsche Bank AG has a 12-month low of $11.19 and a 12-month high of $20.94. The company’s market capitalization is $34.35 billion. The stock’s 50 day moving average price is $16.76 and its 200 day moving average price is $17.66.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers acquired a new position in Deutsche Bank AG during the second quarter valued at $368,000. Intellectus Partners LLC lifted its position in Deutsche Bank AG by 24.8% during the second quarter. Intellectus Partners LLC now owns 67,160 shares of the bank’s stock valued at $1,195,000 after purchasing an additional 13,348 shares during the period. Scotia Capital Inc. acquired a new position in Deutsche Bank AG during the second quarter valued at $229,000. The Manufacturers Life Insurance Company acquired a new position in Deutsche Bank AG during the second quarter valued at $27,950,000. Finally, Bluefin Trading LLC acquired a new position in Deutsche Bank AG during the second quarter valued at $1,754,000. Institutional investors own 22.52% of the company’s stock.

Deutsche Bank AG Company Profile

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