Commerzbank AG (OTCMKTS:CRZBY) Given Consensus Rating of “Hold” by Brokerages

Shares of Commerzbank AG (OTCMKTS:CRZBY) have been given an average rating of “Hold” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

CRZBY has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded Commerzbank from a “sell” rating to a “neutral” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft raised Commerzbank from a “hold” rating to a “buy” rating in a report on Monday, November 10th.

Commerzbank Price Performance

OTCMKTS:CRZBY opened at $42.17 on Thursday. The firm has a market capitalization of $45.14 billion, a P/E ratio of 18.58 and a beta of 0.36. The company’s fifty day moving average price is $40.85 and its 200-day moving average price is $38.70. Commerzbank has a 1-year low of $18.68 and a 1-year high of $44.85.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Commerzbank had a net margin of 11.03% and a return on equity of 7.29%. Equities analysts anticipate that Commerzbank will post 1.96 EPS for the current fiscal year.

Institutional Trading of Commerzbank

A number of hedge funds have recently added to or reduced their stakes in CRZBY. Rhumbline Advisers grew its position in Commerzbank by 14.5% during the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock valued at $117,000 after buying an additional 650 shares during the period. GAMMA Investing LLC boosted its stake in shares of Commerzbank by 18.1% during the 3rd quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 741 shares in the last quarter. Finally, Yousif Capital Management LLC grew its position in shares of Commerzbank by 8.0% during the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 1,165 shares during the period.

About Commerzbank

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.