Deutsche Bank AG (NYSE:DB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Shares of Deutsche Bank on NYSE have underperformed the industry, year to date. The bank’s profitability remains threatened by a stressed operating environment and sluggish growth of the European economy. Also, margins continue to remain under pressure owing to low interest rates. The capital raising initiative will enable the banking giant to meet regulatory requirements, investment targets across core businesses, enhance its competitiveness and ease revenue growth challenges. However, Deutsche Bank’s expenses are likely to increase due to pending legal hassles.”

Several other analysts have also commented on the stock. ValuEngine lowered shares of Deutsche Bank AG from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Macquarie lowered shares of Deutsche Bank AG from an “outperform” rating to a “neutral” rating and set a $18.03 price objective for the company. in a report on Friday, July 28th. J P Morgan Chase & Co restated a “neutral” rating on shares of Deutsche Bank AG in a report on Tuesday, May 23rd. Credit Suisse Group upgraded shares of Deutsche Bank AG from an “underperform” rating to a “neutral” rating in a report on Tuesday, September 5th. Finally, BidaskClub upgraded shares of Deutsche Bank AG from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.21.

Shares of Deutsche Bank AG (DB) traded down 1.09% during mid-day trading on Wednesday, reaching $16.38. The company had a trading volume of 4,921,295 shares. The company’s market capitalization is $33.83 billion. Deutsche Bank AG has a 12-month low of $11.19 and a 12-month high of $20.94. The firm has a 50-day moving average of $16.76 and a 200-day moving average of $17.66.

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Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its stake in shares of Deutsche Bank AG by 1.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,065 shares of the bank’s stock valued at $197,000 after purchasing an additional 202 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in shares of Deutsche Bank AG by 3.0% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 18,325 shares of the bank’s stock valued at $316,000 after purchasing an additional 530 shares in the last quarter. Strategic Advisors LLC increased its stake in shares of Deutsche Bank AG by 1.2% during the second quarter. Strategic Advisors LLC now owns 63,981 shares of the bank’s stock valued at $1,624,000 after purchasing an additional 749 shares in the last quarter. MEAG MUNICH ERGO AssetManagement GmbH increased its stake in shares of Deutsche Bank AG by 8.2% during the second quarter. MEAG MUNICH ERGO AssetManagement GmbH now owns 17,012 shares of the bank’s stock valued at $301,000 after purchasing an additional 1,287 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Deutsche Bank AG by 13.9% during the second quarter. US Bancorp DE now owns 14,124 shares of the bank’s stock valued at $252,000 after purchasing an additional 1,726 shares in the last quarter. 22.52% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank AG Company Profile

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