Commerzbank (OTCMKTS:CRZBY) Rating Lowered to Sell at Zacks Investment Research

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Zacks Investment Research lowered shares of Commerzbank (OTCMKTS:CRZBY) from a hold rating to a sell rating in a research note published on Tuesday, Zacks.com reports.

According to Zacks, “COMMERZBANK AG is involved in the Financial Services Industry. Their principal activities are the provision of banking services, operating through the following divisions: Group management and Services, Domestic Branch Banking, International Finance, and Investment Banking. “

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group started coverage on Commerzbank in a report on Thursday, May 2nd. They issued a hold rating for the company. JPMorgan Chase & Co. reissued a neutral rating on shares of Commerzbank in a report on Friday, July 5th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has an average rating of Hold.

Shares of CRZBY opened at $5.42 on Tuesday. The business has a 50-day moving average of $6.61 and a 200 day moving average of $7.56. Commerzbank has a fifty-two week low of $5.25 and a fifty-two week high of $11.39. The firm has a market cap of $6.83 billion, a P/E ratio of 6.61 and a beta of 1.64.

An institutional investor recently raised its position in Commerzbank stock. Parametric Portfolio Associates LLC raised its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 1.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,181,668 shares of the financial services provider’s stock after buying an additional 22,530 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.17% of Commerzbank worth $15,529,000 at the end of the most recent reporting period. 0.18% of the stock is owned by institutional investors.

Commerzbank Company Profile

Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers and Corporate Clients segments.

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