Commerzbank AG (OTCMKTS:CRZBY) Given Average Rating of “Moderate Buy” by Brokerages

Commerzbank AG (OTCMKTS:CRZBY) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several research analysts recently commented on CRZBY shares. The Goldman Sachs Group reiterated a “neutral” rating on shares of Commerzbank in a research note on Monday, February 23rd. DZ Bank upgraded Commerzbank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, Zacks Research upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th.

Institutional Trading of Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC raised its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 18.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,841 shares of the financial services provider’s stock after acquiring an additional 741 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $183,000 at the end of the most recent quarter.

Commerzbank Price Performance

OTCMKTS:CRZBY opened at $36.27 on Friday. The firm has a 50-day moving average of $39.75 and a two-hundred day moving average of $38.97. The stock has a market cap of $40.89 billion, a P/E ratio of 15.98 and a beta of 0.37. Commerzbank has a 1-year low of $21.80 and a 1-year high of $44.85.

Commerzbank Company Profile

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.