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

Commerzbank AG (OTCMKTS:CRZBY) has received a consensus rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

CRZBY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Commerzbank in a report on Thursday. Keefe, Bruyette & Woods upgraded Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 26th. DZ Bank upgraded Commerzbank from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Zacks Research lowered Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Commerzbank in a report on Monday, February 23rd.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC raised its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,113 shares of the financial services provider’s stock after buying an additional 272 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $217,000 at the end of the most recent quarter.

Commerzbank Trading Up 4.1%

Shares of OTCMKTS:CRZBY opened at $42.39 on Tuesday. Commerzbank has a 1 year low of $25.61 and a 1 year high of $44.85. The business has a fifty day simple moving average of $38.44 and a 200 day simple moving average of $39.00. The firm has a market cap of $47.79 billion, a price-to-earnings ratio of 18.27 and a beta of 0.47.

Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings data on Wednesday, March 25th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. Commerzbank had a return on equity of 7.38% and a net margin of 11.02%.The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.61 billion. On average, sell-side analysts forecast that Commerzbank will post 1.96 EPS for the current year.

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.