Commerzbank (OTCMKTS:CRZBY) Shares Gap Up – Time to Buy?

Commerzbank AG (OTCMKTS:CRZBYGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $34.79, but opened at $36.8950. Commerzbank shares last traded at $37.07, with a volume of 118,505 shares traded.

Commerzbank News Roundup

Here are the key news stories impacting Commerzbank this week:

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRZBY. DZ Bank upgraded shares of Commerzbank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group restated a “neutral” rating on shares of Commerzbank in a report on Monday, February 23rd. Finally, Zacks Research raised shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Commerzbank presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Commerzbank

Commerzbank Trading Up 0.6%

The stock has a market capitalization of $42.15 billion, a PE ratio of 16.47 and a beta of 0.37. The stock’s fifty day simple moving average is $39.93 and its 200-day simple moving average is $39.00.

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC raised its position in Commerzbank AG (OTCMKTS:CRZBYFree Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,113 shares of the financial services provider’s stock after buying an additional 272 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $217,000 as of its most recent filing with the SEC.

About Commerzbank

(Get Free Report)

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.

Further Reading

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