DZ Bank Upgrades Commerzbank (OTCMKTS:CRZBY) to “Strong-Buy”

Commerzbank (OTCMKTS:CRZBY) was upgraded by research analysts at DZ Bank from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on CRZBY. The Goldman Sachs Group restated a “neutral” rating on shares of Commerzbank in a report on Monday, February 23rd. Zacks Research cut Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Commerzbank upgraded Commerzbank from an “overweight” rating to a “buy” rating in a report on Tuesday. Barclays upgraded Commerzbank from an “equal weight” rating to an “overweight” rating in a report on Monday, April 20th. Finally, Keefe, Bruyette & Woods raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Commerzbank Price Performance

Shares of OTCMKTS:CRZBY opened at $42.31 on Monday. The company has a debt-to-equity ratio of 14.97, a quick ratio of 15.42 and a current ratio of 15.43. The firm has a fifty day moving average price of $38.72 and a 200 day moving average price of $39.59. Commerzbank has a fifty-two week low of $28.50 and a fifty-two week high of $44.85. The firm has a market cap of $46.40 billion, a price-to-earnings ratio of 16.72 and a beta of 0.50.

Commerzbank (OTCMKTS:CRZBY) last issued its earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11. Commerzbank had a net margin of 11.55% and a return on equity of 7.74%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.83 billion. As a group, sell-side analysts expect that Commerzbank will post 3.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Commerzbank

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

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.