Commerzbank (OTCMKTS:CRZBY) Upgraded to “Hold” at DZ Bank

Commerzbank (OTCMKTS:CRZBY) was upgraded by equities research analysts at DZ Bank from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

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

Commerzbank Trading Down 1.0%

Shares of CRZBY stock opened at $40.57 on Wednesday. The firm has a fifty day simple moving average of $41.43 and a two-hundred day simple moving average of $39.24. Commerzbank has a 12 month low of $19.92 and a 12 month high of $44.85. The firm has a market capitalization of $43.42 billion, a PE ratio of 17.87 and a beta of 0.36.

Institutional Investors Weigh In On Commerzbank

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Commerzbank by 5.6% in the 4th quarter. GAMMA Investing LLC now owns 5,113 shares of the financial services provider’s stock valued at $217,000 after buying an additional 272 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Commerzbank by 22.3% in 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, Yousif Capital Management LLC increased its position 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 valued at $492,000 after acquiring an additional 1,165 shares during the last 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.