Commerzbank AG (OTCMKTS:CRZBY) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Commerzbank AG (OTCMKTS:CRZBY) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company.

Several research firms recently weighed in on CRZBY. Deutsche Bank Aktiengesellschaft lowered Commerzbank from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, September 28th. Finally, Royal Bank Of Canada downgraded Commerzbank from a “moderate buy” rating to a “hold” rating in a report on Friday, October 2nd.

Institutional Trading of Commerzbank

A hedge fund recently raised its position in Commerzbank stock. GAMMA Investing LLC grew its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,201 shares of the financial services provider’s stock after purchasing an additional 324 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $281,000 as of its most recent SEC filing.

Commerzbank Price Performance

CRZBY opened at $42.41 on Tuesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 0.45. Commerzbank has a 52-week low of $33.63 and a 52-week high of $50.16. The stock has a market capitalization of $44.52 billion, a PE ratio of 13.95 and a beta of 0.60. The stock’s 50 day moving average price is $46.32 and its 200-day moving average price is $43.35.

About Commerzbank

Commerzbank AG is a German universal bank headquartered in Frankfurt am Main. Founded in 1870 in Hamburg, the bank serves private customers, small and medium-sized enterprises, corporate clients, and institutional investors. Its offerings include current and savings accounts, consumer and business lending, payment services, investment products, and financial advice.

Through its Corporate Clients business, Commerzbank provides companies with trade finance, cash management, corporate finance, capital-markets services, foreign-exchange products, and risk-management solutions.