Commerzbank AG (NASDAQ:CRZBY) Given Consensus Rating of “Hold” by Analysts
Commerzbank AG (NASDAQ:CRZBY) has received an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating and one has given a strong buy rating to the company. Commerzbank AG’s rating score has improved by 40% in the last three months as a result of various analysts’ ratings changes.
Zacks has also assigned Commerzbank AG an industry rank of 77 out of 265 based on the ratings given to related companies.
Separately, UBS AG upgraded Commerzbank AG from a “sell” rating to a “buy” rating in a report on Wednesday, May 31st.
Commerzbank AG (CRZBY) traded down 2.239% during mid-day trading on Wednesday, hitting $12.005. 17,428 shares of the stock were exchanged. Commerzbank AG has a 52-week low of $5.83 and a 52-week high of $12.93. The company has a market capitalization of $15.03 billion and a PE ratio of 40.017.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital One National Association increased its position in shares of Commerzbank AG by 2.8% in the second quarter. Capital One National Association now owns 36,880 shares of the financial services provider’s stock worth $439,000 after buying an additional 1,005 shares during the last quarter. Thornburg Investment Management Inc. bought a new position in shares of Commerzbank AG during the first quarter worth about $25,731,000. Parametric Portfolio Associates LLC increased its position in shares of Commerzbank AG by 3.4% in the first quarter. Parametric Portfolio Associates LLC now owns 1,156,623 shares of the financial services provider’s stock worth $10,398,000 after buying an additional 38,318 shares during the last quarter. Finally, World Asset Management Inc increased its position in shares of Commerzbank AG by 1.5% in the first quarter. World Asset Management Inc now owns 78,058 shares of the financial services provider’s stock worth $708,000 after buying an additional 1,135 shares during the last quarter.
Commerzbank AG Company Profile
Commerzbank AG is a bank for private and corporate customers. The Bank’s business segments are Private Customers, Mittelstandsbank, Central & Eastern Europe, Corporates & Markets and Non-Core Assets. The Private Customers segment comprises the Private Customers, Direct Banking and Commerz Real Group divisions.
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