Commerzbank AG (OTCMKTS:CRZBY) Given Consensus Recommendation of “Hold” by Analysts

Shares of Commerzbank AG (OTCMKTS:CRZBY) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

Several research firms recently issued reports on CRZBY. Deutsche Bank Aktiengesellschaft upgraded Commerzbank from a “hold” rating to a “buy” rating in a report on Monday, November 10th. The Goldman Sachs Group upgraded Commerzbank from a “sell” rating to a “neutral” rating in a research note on Thursday, December 4th.

Commerzbank Trading Up 2.6%

Commerzbank stock opened at $42.10 on Thursday. Commerzbank has a 1-year low of $18.68 and a 1-year high of $44.85. The company has a fifty day simple moving average of $41.15 and a 200 day simple moving average of $38.92. The company has a market cap of $45.06 billion, a P/E ratio of 18.55 and a beta of 0.36.

Commerzbank (OTCMKTS:CRZBY) last issued 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 for the quarter, compared to the consensus estimate of $3.46 billion. Commerzbank had a return on equity of 7.29% and a net margin of 11.03%. On average, equities research analysts forecast that Commerzbank will post 1.96 EPS for the current year.

Institutional Trading of Commerzbank

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

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.