Deutsche Bank AG (NYSE:DB) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “On NYSE, shares of Deutsche Bank have underperformed the industry, year to date. Its third-quarter results reflected a decline in revenues, partially offset by controlled expenses and lower provisions. 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. Moreover, litigation issues related to past misconducts continue and legal costs might deter bottom-line growth. However, Deutsche Bank’s capital raising initiative will enable the banking giant to meet regulatory requirements, investment targets across core businesses and enhance its competitiveness.”

DB has been the topic of a number of other reports. Macquarie lowered Deutsche Bank AG from an “outperform” rating to a “neutral” rating and set a $18.03 price objective on the stock. in a report on Friday, July 28th. DZ Bank AG reaffirmed a “buy” rating on shares of Deutsche Bank AG in a report on Thursday, July 27th. ValuEngine raised Deutsche Bank AG from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. BidaskClub lowered Deutsche Bank AG from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Finally, Credit Suisse Group raised Deutsche Bank AG from an “underperform” rating to a “neutral” rating in a report on Tuesday, September 5th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.21.

Deutsche Bank AG (NYSE:DB) opened at $16.68 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.35. Deutsche Bank AG has a 1-year low of $13.95 and a 1-year high of $20.94. The company has a market capitalization of $34,783.79, a price-to-earnings ratio of 11.30 and a beta of 1.37.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in Deutsche Bank AG by 1.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,065 shares of the bank’s stock valued at $197,000 after buying an additional 202 shares in the last quarter. Strategic Advisors LLC boosted its stake in Deutsche Bank AG by 1.2% in the second quarter. Strategic Advisors LLC now owns 63,981 shares of the bank’s stock valued at $1,624,000 after buying an additional 749 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in Deutsche Bank AG by 4.4% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 19,127 shares of the bank’s stock valued at $339,000 after buying an additional 802 shares in the last quarter. MEAG MUNICH ERGO AssetManagement GmbH boosted its stake in Deutsche Bank AG by 8.2% in the second quarter. MEAG MUNICH ERGO AssetManagement GmbH now owns 17,012 shares of the bank’s stock valued at $301,000 after buying an additional 1,287 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Deutsche Bank AG by 13.9% in the second quarter. US Bancorp DE now owns 14,124 shares of the bank’s stock valued at $252,000 after buying an additional 1,726 shares in the last quarter. 22.44% of the stock is currently owned by institutional investors.

Deutsche Bank AG Company Profile

Analyst Recommendations for Deutsche Bank AG (NYSE:DB)

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