Commerzbank AG (OTCMKTS:CRZBY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Commerzbank AG (OTCMKTS:CRZBY) have earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company.

A number of brokerages recently commented on CRZBY. The Goldman Sachs Group restated a “neutral” rating on shares of Commerzbank in a research note on Monday, February 23rd. Commerzbank upgraded Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. Barclays upgraded Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. DZ Bank upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada upgraded Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st.

Commerzbank Trading Up 2.5%

Shares of CRZBY opened at $42.81 on Wednesday. The firm has a market cap of $46.94 billion, a P/E ratio of 16.92 and a beta of 0.51. The company has a debt-to-equity ratio of 1.62, a quick ratio of 15.42 and a current ratio of 12.24. The business has a 50-day moving average of $41.17 and a 200 day moving average of $40.34. Commerzbank has a fifty-two week low of $30.98 and a fifty-two week high of $44.85.

Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.11. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%. As a group, research analysts forecast that Commerzbank will post 3.53 EPS for the current year.

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC lifted its position in Commerzbank AG (OTCMKTS:CRZBY) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,113 shares of the financial services provider’s stock after buying an additional 272 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $217,000 at the end of the most recent 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.