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

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

Several analysts have issued reports on CRZBY shares. Keefe, Bruyette & Woods raised Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 26th. Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday, May 12th. DZ Bank raised Commerzbank from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Barclays raised shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a report on Monday, April 20th. Finally, Zacks Research cut shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th.

Commerzbank Stock Performance

Shares of CRZBY stock opened at $43.39 on Friday. Commerzbank has a 1 year low of $32.53 and a 1 year high of $44.85. The firm has a fifty day moving average price of $42.39 and a 200-day moving average price of $40.76. The company has a debt-to-equity ratio of 1.62, a current ratio of 12.24 and a quick ratio of 12.24. The company has a market cap of $47.58 billion, a price-to-earnings ratio of 17.15 and a beta of 0.53.

Commerzbank (OTCMKTS:CRZBY) last announced its earnings results on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%.The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.83 billion. As a group, equities analysts predict that Commerzbank will post 3.53 earnings per share for the current year.

Institutional Trading of Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers increased its position in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,140 shares of the financial services provider’s stock after purchasing an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent reporting period.

About Commerzbank

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.