Commerzbank AG (OTCMKTS:CRZBY) Receives Average Rating of “Hold” from Brokerages

Commerzbank AG (OTCMKTS:CRZBY) has been assigned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

CRZBY has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded shares of Commerzbank from a “sell” rating to a “neutral” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft raised shares of Commerzbank from a “hold” rating to a “buy” rating in a research report on Monday, November 10th.

Commerzbank Trading Down 1.6%

Shares of OTCMKTS:CRZBY opened at $41.63 on Thursday. Commerzbank has a 1-year low of $19.28 and a 1-year high of $44.85. The firm has a market capitalization of $44.56 billion, a PE ratio of 18.34 and a beta of 0.36. The business’s 50 day moving average is $41.28 and its 200-day moving average is $39.01.

Commerzbank (OTCMKTS:CRZBY) last issued its earnings results on Thursday, November 6th. The financial services provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.46 billion. Commerzbank had a net margin of 11.03% and a return on equity of 7.29%. On average, sell-side analysts predict that Commerzbank will post 1.96 EPS for the current year.

Hedge Funds Weigh In On Commerzbank

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Yousif Capital Management LLC boosted its stake in Commerzbank by 8.0% in the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after buying an additional 1,165 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Commerzbank by 22.3% during the third quarter. Rhumbline Advisers now owns 6,876 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 1,252 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Commerzbank by 5.6% in the 4th quarter. GAMMA Investing LLC now owns 5,113 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 272 shares in the last quarter.

About Commerzbank

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.