Commerzbank (OTCMKTS:CRZBY) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of Commerzbank (OTCMKTS:CRZBY) from a sell rating to a hold rating in a research note released on Thursday, 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 analysts have also issued research reports about the stock. ValuEngine upgraded shares of Commerzbank from a sell rating to a hold rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. reiterated a neutral rating on shares of Commerzbank in a research note on Friday, July 5th. Five analysts have rated the stock with a hold rating, Commerzbank has an average rating of Hold.

CRZBY opened at $6.00 on Thursday. The firm has a market capitalization of $7.48 billion, a P/E ratio of 7.32 and a beta of 1.70. The firm’s 50 day moving average is $5.88 and its 200-day moving average is $7.04. Commerzbank has a 52-week low of $5.21 and a 52-week high of $10.25.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $2.47 billion for the quarter. Commerzbank had a net margin of 6.11% and a return on equity of 2.54%. As a group, analysts forecast that Commerzbank will post 0.75 earnings per share for the current year.

An institutional investor recently raised its position in Commerzbank stock. Parametric Portfolio Associates LLC grew its position in shares of Commerzbank AG (OTCMKTS:CRZBY) by 1.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,181,668 shares of the financial services provider’s stock after purchasing an additional 22,530 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.17% of Commerzbank worth $15,529,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.18% of the company’s stock.

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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