Bank of America Downgrades Commerzbank (OTCMKTS:CRZBY) to Underperform

Commerzbank (OTCMKTS:CRZBY – Get Rating) was downgraded by equities researchers at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Friday, Briefing.com reports.

Commerzbank Stock Performance

CRZBY opened at $10.56 on Friday. Commerzbank has a 52 week low of $5.70 and a 52 week high of $12.75. The stock’s fifty day moving average is $10.77 and its two-hundred day moving average is $10.15.

Commerzbank Company Profile

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Commerzbank AG engages in the provision of commercial banking services. It operates through the following business segments: Private and Small-Businesses Customers, Corporate Clients, and Others & Consolidation. The Private and Small-Businesses Customers segment is comprised of the universal bank services for private and small-business customers, online securities transactions, and asset management.