Commerzbank AG (OTCMKTS:CRZBY) Given Consensus Rating of “Moderate Buy” by Analysts

Commerzbank AG (OTCMKTS:CRZBY) has been given an average rating of “Moderate Buy” by the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several analysts have recently issued reports on CRZBY shares. Royal Bank Of Canada raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. Citigroup reissued a “neutral” rating on shares of Commerzbank in a research report on Monday, May 18th. Keefe, Bruyette & Woods raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. Zacks Research cut shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, DZ Bank raised shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th.

Commerzbank Trading Up 0.6%

OTCMKTS CRZBY opened at $42.78 on Friday. The firm’s 50-day moving average is $42.27 and its two-hundred day moving average is $40.69. Commerzbank has a 12 month low of $30.98 and a 12 month high of $44.85. The company has a debt-to-equity ratio of 1.62, a current ratio of 12.24 and a quick ratio of 12.24. The stock has a market capitalization of $46.91 billion, a P/E ratio of 16.91 and a beta of 0.51.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.11. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%. On average, sell-side analysts anticipate that Commerzbank will post 3.53 earnings per share for the current year.

Institutional Trading of Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC raised its stake in Commerzbank AG (OTCMKTS:CRZBY) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,113 shares of the financial services provider’s stock after purchasing an additional 272 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $217,000 as of its most recent SEC filing.

Commerzbank Company Profile

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.