Zacks: Commerzbank AG (CRZBY) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Commerzbank AG (NASDAQ:CRZBY) have been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating and one has assigned a strong buy rating to the company. Commerzbank AG’s rating score has improved by 40% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Zacks has also given Commerzbank AG an industry rank of 113 out of 265 based on the ratings given to its competitors.
Separately, UBS AG raised Commerzbank AG from a “sell” rating to a “buy” rating in a research report on Wednesday, May 31st.
Commerzbank AG (CRZBY) traded down 3.12% during mid-day trading on Wednesday, reaching $12.12. 36,252 shares of the company’s stock were exchanged. Commerzbank AG has a 52-week low of $5.83 and a 52-week high of $12.93. The stock has a 50-day moving average price of $11.38 and a 200 day moving average price of $9.56.
A number of institutional investors have recently added to or reduced their stakes in CRZBY. Capital One National Association purchased a new position in Commerzbank AG during the first quarter worth $325,000. World Asset Management Inc increased its position in 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 period. Parametric Portfolio Associates LLC increased its position in 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 period. Finally, Thornburg Investment Management Inc. purchased a new position in Commerzbank AG during the first quarter worth $25,731,000.
About Commerzbank AG
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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