Commerzbank (OTCMKTS:CRZBY) Upgraded by Deutsche Bank Aktiengesellschaft to “Buy” Rating

Commerzbank (OTCMKTS:CRZBY) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report released on Monday.

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Commerzbank from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 9th. Royal Bank Of Canada restated a “sector perform” rating on shares of Commerzbank in a research report on Monday, August 11th. The Goldman Sachs Group cut Commerzbank from a “hold” rating to a “sell” rating in a report on Tuesday, August 26th. Keefe, Bruyette & Woods lowered Commerzbank from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, September 23rd. Finally, Citigroup restated a “neutral” rating on shares of Commerzbank in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

Commerzbank Stock Up 0.8%

CRZBY stock opened at $37.07 on Monday. The stock has a market capitalization of $43.91 billion, a price-to-earnings ratio of 16.47 and a beta of 0.57. The company has a 50-day moving average of $36.99 and a two-hundred day moving average of $34.69. Commerzbank has a 52-week low of $14.91 and a 52-week high of $44.85. The company has a debt-to-equity ratio of 14.69, a current ratio of 12.40 and a quick ratio of 33.14.

Commerzbank (OTCMKTS:CRZBY) last announced its earnings results on Thursday, November 6th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.46 billion. Commerzbank had a return on equity of 7.49% and a net margin of 10.51%. As a group, equities research analysts anticipate that Commerzbank will post 1.96 EPS for the current year.

Hedge Funds Weigh In On Commerzbank

Institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its position in Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock worth $117,000 after buying an additional 650 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Commerzbank by 18.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 741 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of Commerzbank by 8.0% in the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 1,165 shares during the last quarter.

Commerzbank Company Profile

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.