Commerzbank AG (OTCMKTS:CRZBY) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

A number of brokerages have commented on CRZBY. DZ Bank upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Citigroup reiterated a “neutral” rating on shares of Commerzbank in a research report on Monday, May 18th. Keefe, Bruyette & Woods upgraded Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. Royal Bank Of Canada raised Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Commerzbank in a research report on Monday, February 23rd.

Commerzbank Price Performance

Shares of CRZBY stock opened at $43.41 on Wednesday. The stock has a 50 day moving average of $40.39 and a two-hundred day moving average of $40.16. The company has a current ratio of 15.43, a quick ratio of 15.42 and a debt-to-equity ratio of 14.97. Commerzbank has a 12 month low of $30.18 and a 12 month high of $44.85. The company has a market capitalization of $47.60 billion, a P/E ratio of 17.16 and a beta of 0.51.

Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11. Commerzbank had a return on equity of 7.74% and a net margin of 11.55%.The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.83 billion. As a group, equities analysts expect that Commerzbank will post 3.53 EPS for the current year.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers increased its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,140 shares of the financial services provider’s stock after buying an additional 650 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent reporting period.

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.