Commerzbank AG (OTCMKTS:CRZBY) Given Consensus Rating of “Moderate Buy” by Brokerages

Commerzbank AG (OTCMKTS:CRZBY) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several brokerages have recently commented on CRZBY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. Citigroup reissued a “neutral” rating on shares of Commerzbank in a research report on Monday, August 10th. Commerzbank upgraded Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday, May 12th. Finally, DZ Bank upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th.

Commerzbank Stock Performance

Commerzbank stock opened at $45.36 on Monday. The firm has a 50 day simple moving average of $43.59 and a 200-day simple moving average of $41.32. The stock has a market cap of $49.74 billion, a price-to-earnings ratio of 14.92 and a beta of 0.55. The company has a debt-to-equity ratio of 1.62, a current ratio of 12.24 and a quick ratio of 12.24. Commerzbank has a 1-year low of $33.63 and a 1-year high of $46.28.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its stake in Commerzbank stock. Rhumbline Advisers grew its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,140 shares of the financial services provider’s stock after purchasing an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent SEC filing.

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.