Commerzbank AG (OTCMKTS:CRZBY) Receives Consensus Rating of “Hold” from Analysts

Shares of Commerzbank AG (OTCMKTS:CRZBY) have been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

A number of analysts have recently issued reports on CRZBY shares. Deutsche Bank Aktiengesellschaft raised shares of Commerzbank from a “hold” rating to a “buy” rating in a report on Monday, November 10th. Keefe, Bruyette & Woods downgraded shares of Commerzbank from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, September 23rd. The Goldman Sachs Group upgraded shares of Commerzbank from a “sell” rating to a “neutral” rating in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. downgraded shares of Commerzbank from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 9th.

Commerzbank Trading Down 1.8%

Commerzbank stock opened at $42.04 on Friday. Commerzbank has a 12 month low of $16.66 and a 12 month high of $44.85. The stock has a fifty day simple moving average of $39.72 and a two-hundred day simple moving average of $37.81. The firm has a market cap of $49.80 billion, a price-to-earnings ratio of 18.52 and a beta of 0.36.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). Commerzbank had a net margin of 11.03% and a return on equity of 7.29%. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.46 billion. On average, equities research analysts forecast that Commerzbank will post 1.96 EPS for the current fiscal year.

Institutional Trading of Commerzbank

A number of hedge funds have recently bought and sold shares of CRZBY. Rhumbline Advisers lifted its holdings in Commerzbank by 14.5% in the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 650 shares during the period. GAMMA Investing LLC increased its position in shares of Commerzbank by 18.1% during the 3rd quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 741 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of Commerzbank by 8.0% in the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 1,165 shares during the 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.