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

Shares of Commerzbank AG (OTCMKTS:CRZBY) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company.

A number of equities analysts have weighed in on CRZBY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Commerzbank in a research report on Tuesday, May 12th. Citigroup reiterated a “neutral” rating on shares of Commerzbank in a research note on Monday, August 10th. DZ Bank raised Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a report on Tuesday, May 12th.

Institutional Trading of Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers boosted its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,876 shares of the financial services provider’s stock after buying an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 as of its most recent SEC filing.

Commerzbank Price Performance

Shares of CRZBY opened at $45.36 on Monday. The stock has a market cap of $49.74 billion, a PE ratio of 14.92 and a beta of 0.55. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 12.24. Commerzbank has a fifty-two week low of $33.63 and a fifty-two week high of $46.28. The firm’s 50-day simple moving average is $43.59 and its two-hundred day simple moving average is $41.33.

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.