Commerzbank (OTCMKTS:CRZBY) Sets New 1-Year High – Still a Buy?

Commerzbank AG (OTCMKTS:CRZBYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.28 and last traded at $48.28, with a volume of 1117 shares trading hands. The stock had previously closed at $45.71.

Analyst Upgrades and Downgrades

CRZBY has been the subject of a number of research analyst reports. Citigroup reiterated a “neutral” rating on shares of Commerzbank in a report on Monday, August 10th. Commerzbank raised shares of Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. Finally, DZ Bank raised Commerzbank from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Commerzbank has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on CRZBY

Commerzbank Stock Performance

The company’s 50-day simple moving average is $44.15 and its 200 day simple moving average is $41.61. The stock has a market cap of $53.18 billion, a P/E ratio of 15.95 and a beta of 0.56. The company has a current ratio of 12.24, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62.

Institutional Trading of Commerzbank

A hedge fund recently raised its position in Commerzbank stock. Rhumbline Advisers boosted its holdings in Commerzbank AG (OTCMKTS:CRZBYFree Report) by 14.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,140 shares of the financial services provider’s stock after purchasing an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent SEC filing.

Commerzbank Company Profile

(Get Free Report)

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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