Commerzbank AG (OTCMKTS:CRZBY) Receives Average Recommendation of “Hold” from Analysts

Commerzbank AG (OTCMKTS:CRZBY) has received an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company.

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods downgraded shares of Commerzbank from a “hold” rating to a “moderate sell” rating in a report on Tuesday, September 23rd. The Goldman Sachs Group downgraded shares of Commerzbank from a “hold” rating to a “sell” rating in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Commerzbank from a “buy” rating to a “hold” rating in a report on Monday, August 18th. Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Commerzbank in a research report on Monday, August 11th.

Commerzbank Trading Up 1.7%

OTCMKTS:CRZBY opened at $35.12 on Tuesday. The business’s 50-day moving average price is $37.89 and its two-hundred day moving average price is $33.83. Commerzbank has a 1-year low of $14.91 and a 1-year high of $44.85. The company has a current ratio of 12.40, a quick ratio of 33.14 and a debt-to-equity ratio of 14.69. The firm has a market capitalization of $41.61 billion, a price-to-earnings ratio of 15.61 and a beta of 0.59.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.45). Commerzbank had a return on equity of 7.49% and a net margin of 10.51%.The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $2.97 billion. On average, equities analysts expect that Commerzbank will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On Commerzbank

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRZBY. GAMMA Investing LLC lifted its stake in Commerzbank by 124.6% in the 1st quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 2,306 shares during the last quarter. Rhumbline Advisers lifted its stake in 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 last quarter. 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 provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.