Commerzbank AG (OTCMKTS:CRZBY) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Commerzbank AG (OTCMKTS:CRZBY) have earned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of brokerages have recently issued reports on CRZBY. Deutsche Bank Aktiengesellschaft downgraded Commerzbank from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Royal Bank Of Canada cut shares of Commerzbank from a “moderate buy” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Citigroup restated a “neutral” rating on shares of Commerzbank in a research report on Monday, September 28th.

Institutional Trading of Commerzbank

A hedge fund recently raised its position in Commerzbank stock. GAMMA Investing LLC increased its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 18.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,877 shares of the financial services provider’s stock after purchasing an additional 933 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Commerzbank Stock Down 0.5%

Commerzbank stock opened at $42.42 on Tuesday. The company has a market capitalization of $44.54 billion, a P/E ratio of 13.95 and a beta of 0.60. The firm has a 50 day moving average price of $46.37 and a 200-day moving average price of $43.26. The company has a quick ratio of 12.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.62. Commerzbank has a twelve month low of $33.63 and a twelve month high of $50.16.

About Commerzbank

Commerzbank AG is a German universal bank headquartered in Frankfurt am Main. Founded in 1870 in Hamburg, the bank serves private customers, small and medium-sized enterprises, corporate clients, and institutional investors. Its offerings include current and savings accounts, consumer and business lending, payment services, investment products, and financial advice.

Through its Corporate Clients business, Commerzbank provides companies with trade finance, cash management, corporate finance, capital-markets services, foreign-exchange products, and risk-management solutions.