Commerzbank (OTCMKTS:CRZBY) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Commerzbank AG (OTCMKTS:CRZBY)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $41.28 and traded as low as $39.57. Commerzbank shares last traded at $39.99, with a volume of 47,838 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Commerzbank from a “sell” rating to a “neutral” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Commerzbank from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Commerzbank Price Performance

The firm has a market cap of $42.95 billion, a price-to-earnings ratio of 17.68 and a beta of 0.36. The stock’s fifty day moving average price is $41.28 and its 200-day moving average price is $39.01.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.01). The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Commerzbank had a return on equity of 7.29% and a net margin of 11.03%. As a group, equities research analysts predict that Commerzbank AG will post 1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Commerzbank

Hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its stake in Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 650 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Commerzbank by 18.1% during the third quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 741 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in shares of Commerzbank by 8.0% during the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 1,165 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.