Commerzbank (OTCMKTS:CRZBY – Get Free Report) was downgraded by DZ Bank from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, Zacks reports.
Several other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft cut Commerzbank from a “buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Royal Bank Of Canada downgraded shares of Commerzbank from a “moderate buy” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Citigroup reissued a “neutral” rating on shares of Commerzbank in a report on Monday, September 28th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Commerzbank presently has a consensus rating of “Hold”.
View Our Latest Analysis on Commerzbank
Commerzbank Stock Performance
Shares of CRZBY stock opened at $42.18 on Thursday. The stock has a market capitalization of $44.28 billion, a P/E ratio of 12.67 and a beta of 0.60. The company has a current ratio of 0.45, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62. The firm’s 50 day moving average is $44.95 and its 200 day moving average is $42.35. Commerzbank has a 12 month low of $33.63 and a 12 month high of $50.16.
Commerzbank (OTCMKTS:CRZBY – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. Commerzbank had a net margin of 13.30% and a return on equity of 8.89%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.69 billion. On average, sell-side analysts anticipate that Commerzbank will post 3.42 earnings per share for the current year.
Institutional Inflows and Outflows
A hedge fund recently raised its position in Commerzbank stock. GAMMA Investing LLC grew its position in shares of Commerzbank AG (OTCMKTS:CRZBY – Free Report) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,201 shares of the financial services provider’s stock after purchasing an additional 324 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $281,000 as of its most recent SEC filing.
About Commerzbank
Commerzbank AG is a German banking group headquartered in Frankfurt. Founded in Hamburg in 1870, it provides financial services to individuals, small and midsize businesses, and corporate clients.
Its services include checking and savings accounts, payments, lending, investment and securities services, and financing for businesses. For corporate customers, the bank also offers services such as trade finance, cash management, and support for international business activities.
Commerzbank’s business is centered on Germany, with operations and services in other markets, including through its Polish subsidiary mBank.
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