DZ Bank upgraded shares of Commerzbank (OTCMKTS:CRZBY – Free Report) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.
Several other analysts have also recently weighed in on CRZBY. The Goldman Sachs Group restated a “neutral” rating on shares of Commerzbank in a research report on Monday, February 23rd. Royal Bank Of Canada upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. Finally, Barclays upgraded shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.
View Our Latest Analysis on CRZBY
Commerzbank Stock Down 0.0%
Commerzbank (OTCMKTS:CRZBY – Get Free Report) last posted its 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. Commerzbank had a net margin of 11.55% and a return on equity of 7.74%. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.83 billion. On average, sell-side analysts expect that Commerzbank will post 3.53 EPS for the current year.
Institutional Investors Weigh In On Commerzbank
A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers increased its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY – Free Report) by 14.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,140 shares of the financial services provider’s stock after acquiring an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent reporting 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.
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