Commerzbank (OTCMKTS:CRZBY) Upgraded to Strong-Buy at DZ Bank

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

Several other research analysts have also recently issued reports on the company. Zacks Research cut Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Barclays raised Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. Royal Bank Of Canada raised Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Commerzbank in a research report on Tuesday. Finally, Keefe, Bruyette & Woods raised Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Commerzbank Price Performance

Shares of OTCMKTS CRZBY opened at $42.31 on Monday. The stock’s 50-day moving average is $38.72 and its two-hundred day moving average is $39.59. The company has a debt-to-equity ratio of 14.97, a current ratio of 15.43 and a quick ratio of 15.42. Commerzbank has a 1-year low of $28.50 and a 1-year high of $44.85. The company 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 released its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.11. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Commerzbank had a return on equity of 7.74% and a net margin of 11.55%. Analysts forecast that Commerzbank will post 3.53 EPS for the current fiscal year.

Institutional Trading of Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers lifted its position in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 quarter.

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.