Commerzbank AG (OTCMKTS:CRZBY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Commerzbank AG (OTCMKTS:CRZBY) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company.

Several research analysts have issued reports on CRZBY shares. Zacks Research cut Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Commerzbank raised shares of Commerzbank from an “overweight” rating to a “buy” rating in a report on Tuesday, May 12th. Barclays raised shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a report on Monday, April 20th. Citigroup reiterated a “neutral” rating on shares of Commerzbank in a research note on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers lifted its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 22.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,876 shares of the financial services provider’s stock after acquiring an additional 1,252 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 at the end of the most recent reporting period.

Commerzbank Price Performance

Shares of CRZBY opened at $42.11 on Thursday. The firm has a fifty day simple moving average of $42.76 and a two-hundred day simple moving average of $40.87. The firm has a market cap of $46.17 billion, a PE ratio of 16.64 and a beta of 0.53. The company has a current ratio of 12.24, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62. Commerzbank has a 1-year low of $33.63 and a 1-year high of $44.88.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%.The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.83 billion. On average, equities analysts anticipate that Commerzbank will post 3.44 EPS for the current year.

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.