Commerzbank AG (CRZBY) Rating Lowered to Neutral at BNP Paribas
Commerzbank AG (NASDAQ:CRZBY) was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday.
Separately, Deutsche Bank AG downgraded shares of Commerzbank AG from a “buy” rating to a “hold” rating in a research note on Wednesday.
Shares of Commerzbank AG (NASDAQ:CRZBY) traded down 0.08% during mid-day trading on Wednesday, hitting $6.44. The stock had a trading volume of 16,211 shares. Commerzbank AG has a 1-year low of $5.83 and a 1-year high of $11.96. The stock’s 50-day moving average is $6.85 and its 200 day moving average is $7.48. The firm has a market capitalization of $8.07 billion and a price-to-earnings ratio of 9.08.
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Commerzbank AG Company Profile
Commerzbank AG is a bank for private and corporate customers. The Bank’s business segments are Private Customers, Mittelstandsbank, Central & Eastern Europe, Corporates & Markets and Non-Core Assets. The Private Customers segment comprises the Private Customers, Direct Banking and Commerz Real Group divisions.
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