Commerzbank (CRZBY) Set to Release Earnings on Thursday

Commerzbank (OTCMKTS:CRZBY) is anticipated to issue its results before the market opens on Thursday, November 5th. Analysts expect Commerzbank to post earnings of $0.8720 per share and revenue of $3.69 billion for the quarter.

Commerzbank Trading Up 0.2%

Shares of OTCMKTS CRZBY opened at $42.17 on Tuesday. The business’s 50 day moving average is $45.21 and its two-hundred day moving average is $42.31. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.45 and a quick ratio of 12.24. Commerzbank has a 1-year low of $33.63 and a 1-year high of $50.16. The stock has a market capitalization of $44.27 billion, a P/E ratio of 13.86 and a beta of 0.60.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CRZBY shares. Deutsche Bank Aktiengesellschaft cut Commerzbank from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. Citigroup reissued a “neutral” rating on shares of Commerzbank in a research report on Monday, September 28th. Finally, Royal Bank Of Canada lowered Commerzbank from a “moderate buy” rating to a “hold” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Commerzbank presently has a consensus rating of “Moderate Buy”.

Commerzbank Company Profile

Commerzbank AG is a German commercial bank headquartered in Frankfurt am Main. Founded in 1870, the bank serves private customers, small and medium-sized businesses, large corporate clients and institutional investors. Its activities are centered primarily in Germany and Poland, with additional international operations supporting corporate and capital-markets clients.

The bank’s services include current and savings accounts, consumer and business lending, mortgages, payment services, investment products, securities trading and wealth management.