Commerzbank AG Downgraded to “Neutral” at HSBC (CRZBY)
Commerzbank AG (NASDAQ:CRZBY) was downgraded by investment analysts at HSBC from an “overweight” rating to a “neutral” rating in a note issued to investors on Tuesday, Stock Ratings Network.com reports.
Shares of Commerzbank AG (NASDAQ:CRZBY) opened at 12.09 on Tuesday. Commerzbank AG has a one year low of $7.51 and a one year high of $23.00. The stock has a 50-day moving average of $10.31 and a 200-day moving average of $12.56. The company’s market cap is $13.765 billion.
Separately, analysts at BNP Paribas upgraded shares of Commerzbank AG (NASDAQ:CRZBY) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, August 9th.
Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $1.04.
COMMERZBANK AG is a Germany-based bank for private and corporate customers in Germany. The bank operates six business segments: Private Customers, which operates Retail, Business and Wealth Management Customers, Sales Retail and Business Customers North-East and South-West, Sales Wealth Management, and Credit operating units, among others; Mittelstandsbank, which operates Small and Medium Enterprises, Large Corporations, Corporate Banking, Corporates International and Financial Institutions units; Central & Eastern Europe, which operates CEE-Holding/Subsidiaries & Branches, BRE Bank and Bank Forum units; Corporates & Markets, which operates Equity Markets & Commodities, Fixed Income Trading, Corporate Finance, Fixed Income Sales, Client Relationship Management, and Research units, among others; Asset Based Finance, which operates CRE Germany, Public Finance and Ship Finance units, among others, and Portfolio Restructuring Unit, which operates Portfolio Restructuring Unit.
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