Commerzbank AG (NASDAQ:CRZBY) Receives Average Recommendation of “Hold” from Analysts
Commerzbank AG (NASDAQ:CRZBY) has been assigned an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation and one has issued a strong buy recommendation on the company. Commerzbank AG’s rating score has improved by 40% in the last three months as a result of various analysts’ upgrades and downgrades.
Zacks has also given Commerzbank AG an industry rank of 112 out of 265 based on the ratings given to its competitors.
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Commerzbank AG (NASDAQ:CRZBY) opened at 12.37 on Tuesday. Commerzbank AG has a 52-week low of $5.83 and a 52-week high of $12.37.
Institutional investors have recently made changes to their positions in the company. Thornburg Investment Management Inc. purchased a new position in shares of Commerzbank AG during the first quarter worth about $25,731,000. Parametric Portfolio Associates LLC boosted its position in shares of Commerzbank AG by 3.4% in the first quarter. Parametric Portfolio Associates LLC now owns 1,156,623 shares of the financial services provider’s stock worth $10,398,000 after buying an additional 38,318 shares during the last quarter. World Asset Management Inc boosted its position in shares of Commerzbank AG by 1.5% in the first quarter. World Asset Management Inc now owns 78,058 shares of the financial services provider’s stock worth $708,000 after buying an additional 1,135 shares during the last quarter. Finally, Capital One National Association purchased a new position in shares of Commerzbank AG during the first quarter worth about $325,000.
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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