Commerzbank AG (OTCMKTS:CRZBY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Commerzbank AG (OTCMKTS:CRZBY) have received an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company.

Separately, Citigroup restated a “neutral” rating on shares of Commerzbank in a report on Monday, August 10th.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers boosted its position in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,140 shares of the financial services provider’s stock after buying an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent quarter.

Commerzbank Stock Down 0.3%

Commerzbank stock opened at $48.69 on Friday. The company has a quick ratio of 12.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.62. Commerzbank has a 12-month low of $33.63 and a 12-month high of $49.69. The firm’s fifty day moving average is $44.90 and its 200 day moving average is $42.00. The company has a market capitalization of $53.39 billion, a PE ratio of 16.02 and a beta of 0.56.

Commerzbank Company Profile

Commerzbank AG is a Germany-based universal bank that serves private customers, small and medium-sized businesses, corporate clients and institutional customers. Its offerings include current and savings accounts, consumer and business lending, payment services, securities and investment products, wealth management, and financing for international trade and commercial activities.

The bank’s business is organized primarily around private and small-business customers and corporate clients.