Commerzbank (OTCMKTS:CRZBY) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Commerzbank (OTCMKTS:CRZBY) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other research firms also recently issued reports on CRZBY. DZ Bank raised shares of Commerzbank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group upgraded Commerzbank from a “sell” rating to a “neutral” rating in a research note on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded Commerzbank from a “hold” rating to a “buy” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company’s 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. Commerzbank has a fifty-two week low of $20.21 and a fifty-two week high of $44.85. The business has a 50 day moving average price of $41.35 and a two-hundred day moving average price of $39.36. The stock has a market cap of $43.31 billion, a PE ratio of 17.82 and a beta of 0.36.

Institutional Trading of Commerzbank

Several hedge funds and other institutional investors have recently bought and sold shares of CRZBY. Rhumbline Advisers grew its position in shares of Commerzbank by 22.3% in the 3rd quarter. Rhumbline Advisers now owns 6,876 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 1,252 shares in the last quarter. Yousif Capital Management LLC lifted its stake in 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 last quarter. Finally, GAMMA Investing LLC boosted its holdings in Commerzbank by 18.1% in 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.

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.