Commerzbank AG (OTCMKTS:CRZBY) Receives Average Rating of “Moderate Buy” from Analysts

Commerzbank AG (OTCMKTS:CRZBY) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company.

Several equities analysts recently issued reports on the stock. Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. DZ Bank upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Commerzbank in a report on Tuesday, May 12th. Finally, Citigroup restated a “neutral” rating on shares of Commerzbank in a research note on Monday, August 10th.

Institutional Trading of Commerzbank

An institutional investor recently raised its stake in Commerzbank stock. Rhumbline Advisers increased its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,876 shares of the financial services provider’s stock after acquiring an additional 1,252 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Commerzbank Stock Performance

OTCMKTS:CRZBY opened at $46.12 on Monday. The company has a 50-day moving average price of $43.31 and a 200-day moving average price of $41.22. Commerzbank has a 12 month low of $33.63 and a 12 month high of $46.28. The company has a current ratio of 12.24, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62. The stock has a market cap of $50.57 billion, a price-to-earnings ratio of 15.17 and a beta of 0.55.

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.