Commerzbank (OTCMKTS:CRZBY) Upgraded to Strong-Buy at DZ Bank

Commerzbank (OTCMKTS:CRZBY) was upgraded by DZ Bank from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other analysts have also issued reports about the company. Royal Bank Of Canada raised Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 21st. Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods raised Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 26th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, February 23rd. Finally, Barclays raised Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Commerzbank Price Performance

Shares of OTCMKTS CRZBY opened at $42.31 on Monday. The company has a debt-to-equity ratio of 14.97, a quick ratio of 15.42 and a current ratio of 15.43. The company has a market cap of $46.40 billion, a PE ratio of 16.72 and a beta of 0.50. The business has a 50-day simple moving average of $38.72 and a two-hundred day simple moving average of $39.59. Commerzbank has a fifty-two week low of $28.50 and a fifty-two week high of $44.85.

Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.11. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Commerzbank had a return on equity of 7.74% and a net margin of 11.55%. As a group, equities analysts expect that Commerzbank will post 3.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers lifted its position in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,876 shares of the financial services provider’s stock after buying an additional 1,252 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 at the end of the most recent reporting 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.