Commerzbank AG (OTCMKTS:CRZBY) Stock Rated “Moderate Buy” by Wall Street Brokerages

Commerzbank AG (OTCMKTS:CRZBY) has received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of brokerages have recently commented on CRZBY. Royal Bank Of Canada lowered Commerzbank from a “moderate buy” rating to a “hold” rating in a report on Friday, October 2nd. Citigroup restated a “neutral” rating on shares of Commerzbank in a research note on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft lowered Commerzbank from a “buy” rating to a “hold” rating in a research note on Tuesday, September 29th.

Commerzbank Price Performance

Shares of OTCMKTS:CRZBY opened at $42.09 on Friday. The business has a 50 day moving average price of $45.27 and a 200 day moving average price of $42.30. Commerzbank has a twelve month low of $33.63 and a twelve month high of $50.16. The company has a market cap of $44.19 billion, a price-to-earnings ratio of 13.85 and a beta of 0.60. The company has a quick ratio of 12.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.62.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Commerzbank stock. Canopy Partners LLC acquired a new position in shares of Commerzbank AG (OTCMKTS:CRZBY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,570 shares of the financial services provider’s stock, valued at approximately $207,000.

About Commerzbank

Commerzbank AG is a German commercial bank headquartered in Frankfurt am Main. Founded in 1870, the bank serves private customers, small and medium-sized businesses, large corporate clients and institutional investors. Its activities are centered primarily in Germany and Poland, with additional international operations supporting corporate and capital-markets clients.

The bank’s services include current and savings accounts, consumer and business lending, mortgages, payment services, investment products, securities trading and wealth management.