Commerzbank AG (OTCMKTS:CRZBY) Given Consensus Recommendation of “Hold” by Analysts

Commerzbank AG (OTCMKTS:CRZBY) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company.

CRZBY has been the topic of a number of analyst reports. The Goldman Sachs Group raised shares of Commerzbank from a “sell” rating to a “neutral” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Commerzbank from a “hold” rating to a “buy” rating in a report on Monday, November 10th.

Commerzbank Price Performance

CRZBY stock opened at $41.03 on Thursday. The stock has a market capitalization of $43.92 billion, a price-to-earnings ratio of 18.07 and a beta of 0.36. Commerzbank has a 52-week low of $18.68 and a 52-week high of $44.85. The company has a 50-day moving average of $41.04 and a two-hundred day moving average of $38.82.

Commerzbank (OTCMKTS:CRZBY) last announced its earnings results on Thursday, November 6th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). Commerzbank had a net margin of 11.03% and a return on equity of 7.29%. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Equities analysts expect that Commerzbank will post 1.96 EPS for the current fiscal year.

Institutional Trading of Commerzbank

A number of institutional investors and hedge funds have recently modified their holdings of CRZBY. GAMMA Investing LLC lifted its holdings in Commerzbank by 5.6% during the fourth quarter. GAMMA Investing LLC now owns 5,113 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 272 shares during the period. Rhumbline Advisers raised its stake in shares of Commerzbank by 22.3% during the 3rd quarter. Rhumbline Advisers now owns 6,876 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 1,252 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in shares of Commerzbank by 8.0% in the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock worth $492,000 after buying an additional 1,165 shares during the last quarter.

Commerzbank Company Profile

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.