Commerzbank (OTCMKTS:CRZBY) Stock Rating Cut to Hold at DZ Bank

DZ Bank downgraded shares of Commerzbank (OTCMKTS:CRZBY) from a strong-buy rating to a hold rating in a report issued on Thursday morning,Zacks reports.

Other analysts also recently issued reports about the company. Royal Bank Of Canada downgraded Commerzbank from a “moderate buy” rating to a “hold” rating in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft cut Commerzbank from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Finally, Citigroup reiterated a “neutral” rating on shares of Commerzbank in a research report on Monday, September 28th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Commerzbank has an average rating of “Hold”.

Commerzbank Price Performance

Shares of CRZBY traded down $1.03 during mid-day trading on Thursday, reaching $42.18. 22,121 shares of the company’s stock were exchanged, compared to its average volume of 37,963. The company has a quick ratio of 12.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.62. Commerzbank has a 52-week low of $33.63 and a 52-week high of $50.16. The company has a market cap of $44.28 billion, a price-to-earnings ratio of 12.67 and a beta of 0.60. The company has a 50-day simple moving average of $44.95 and a two-hundred day simple moving average of $42.35.

Commerzbank (OTCMKTS:CRZBY) last posted its earnings results on Thursday, November 5th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Commerzbank had a return on equity of 8.89% and a net margin of 13.30%. On average, sell-side analysts predict that Commerzbank will post 3.42 EPS for the current fiscal year.

Institutional Trading of Commerzbank

An institutional investor recently raised its stake in Commerzbank stock. GAMMA Investing LLC boosted its stake in Commerzbank AG (OTCMKTS:CRZBY) by 18.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,877 shares of the financial services provider’s stock after purchasing an additional 933 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $248,000 at the end of the most recent reporting period.

Commerzbank Company Profile

Commerzbank AG is a German banking group headquartered in Frankfurt. Founded in Hamburg in 1870, it provides financial services to individuals, small and midsize businesses, and corporate clients.

Its services include checking and savings accounts, payments, lending, investment and securities services, and financing for businesses. For corporate customers, the bank also offers services such as trade finance, cash management, and support for international business activities.

Commerzbank’s business is centered on Germany, with operations and services in other markets, including through its Polish subsidiary mBank.