Commerzbank AG (NASDAQ:CRZBY) Given Consensus Recommendation of “Hold” by Brokerages
Commerzbank AG (NASDAQ:CRZBY) has been given an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating and one has issued a strong buy rating 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 66 out of 265 based on the ratings given to related companies.
Separately, UBS AG raised shares of Commerzbank AG from a “sell” rating to a “buy” rating in a research report on Wednesday, May 31st.
A number of hedge funds have recently added to or reduced their stakes in CRZBY. Capital One National Association purchased a new stake in Commerzbank AG during the first quarter worth $325,000. Parametric Portfolio Associates LLC increased its stake 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 in the last quarter. World Asset Management Inc increased its stake 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 in the last quarter. Finally, Thornburg Investment Management Inc. purchased a new stake in Commerzbank AG during the first quarter worth $25,731,000.
Commerzbank AG (NASDAQ:CRZBY) traded up 1.985% on Friday, reaching $13.615. 145,180 shares of the company traded hands. The firm has a market capitalization of $17.05 billion and a PE ratio of 44.786. Commerzbank AG has a one year low of $5.95 and a one year high of $13.67.
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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