Commerzbank AG (OTCMKTS:CRZBY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Commerzbank AG (OTCMKTS:CRZBY) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company.

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Commerzbank in a research report on Thursday, April 16th. Royal Bank Of Canada raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. Zacks Research downgraded shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. DZ Bank raised shares of Commerzbank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Commerzbank in a research report on Monday, February 23rd.

Commerzbank Trading Down 0.8%

CRZBY stock opened at $42.08 on Friday. The company has a market capitalization of $46.14 billion, a PE ratio of 18.14 and a beta of 0.50. Commerzbank has a 12 month low of $28.00 and a 12 month high of $44.85. The firm’s 50-day moving average is $38.70 and its 200 day moving average is $39.43. The company has a debt-to-equity ratio of 14.97, a current ratio of 15.43 and a quick ratio of 15.42.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings results on Wednesday, March 25th. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.61 billion. Commerzbank had a net margin of 11.02% and a return on equity of 7.38%. On average, research analysts anticipate that Commerzbank will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers raised its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY) by 22.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,876 shares of the financial services provider’s stock after purchasing an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 at the end of the most recent reporting period.

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.