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

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

CRZBY has been the subject of several analyst reports. Zacks Research cut shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research report on Monday, May 18th. Keefe, Bruyette & Woods raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. Barclays upgraded shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 20th. Finally, DZ Bank raised shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th.

Institutional Trading of Commerzbank

A hedge fund recently raised its position in Commerzbank stock. Rhumbline Advisers grew its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,876 shares of the financial services provider’s stock after buying an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 at the end of the most recent quarter.

Commerzbank Stock Performance

Shares of OTCMKTS CRZBY opened at $43.56 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 12.24. The stock has a 50 day moving average price of $42.78 and a 200 day moving average price of $40.87. The stock has a market capitalization of $47.76 billion, a PE ratio of 17.22 and a beta of 0.53. Commerzbank has a 52 week low of $33.63 and a 52 week high of $44.88.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.11. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%.The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.83 billion. Analysts predict that Commerzbank will post 3.53 earnings per share for the current fiscal year.

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.