Commerzbank (OTCMKTS:CRZBY) Stock Rating Lowered by Zacks Research

Commerzbank (OTCMKTS:CRZBY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

CRZBY has been the topic of a number of other reports. The Goldman Sachs Group restated a “neutral” rating on shares of Commerzbank in a report on Monday, February 23rd. DZ Bank upgraded Commerzbank from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Keefe, Bruyette & Woods upgraded Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Commerzbank Price Performance

Shares of Commerzbank stock remained flat at $41.56 on Monday. The company’s stock had a trading volume of 18,831 shares, compared to its average volume of 61,513. The firm has a market cap of $46.86 billion, a P/E ratio of 17.91 and a beta of 0.47. Commerzbank has a 52-week low of $25.47 and a 52-week high of $44.85. The business has a 50 day moving average price of $38.38 and a 200-day moving average price of $38.92.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings results on Wednesday, March 25th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Commerzbank had a return on equity of 7.38% and a net margin of 11.02%. Sell-side analysts forecast that Commerzbank will post 1.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers grew its holdings in shares of 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 fund 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 at the end of the most recent reporting period.

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.