Commerzbank (OTCMKTS:CRZBY) Rating Increased to Strong-Buy at Zacks Research

Commerzbank (OTCMKTS:CRZBY) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Commerzbank from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. The Goldman Sachs Group upgraded shares of Commerzbank from a “sell” rating to a “neutral” rating in a report on Thursday, December 4th. Finally, DZ Bank raised shares of Commerzbank from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Commerzbank currently has an average rating of “Moderate Buy”.

Commerzbank Stock Up 2.4%

OTCMKTS CRZBY opened at $40.46 on Tuesday. The stock’s 50-day simple moving average is $41.35 and its two-hundred day simple moving average is $39.36. Commerzbank has a twelve month low of $20.21 and a twelve month high of $44.85. The company has a market capitalization of $43.31 billion, a price-to-earnings ratio of 17.82 and a beta of 0.36.

Institutional Trading of Commerzbank

Several large investors have recently modified their holdings of CRZBY. Yousif Capital Management LLC raised its position in Commerzbank by 8.0% during the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 1,165 shares during the last quarter. Rhumbline Advisers raised 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 in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Commerzbank by 5.6% in the fourth quarter. GAMMA Investing LLC now owns 5,113 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 272 shares during the period.

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.