Commerzbank AG (OTCMKTS:CRZBY) Given Consensus Recommendation of “Hold” by Analysts

Shares of Commerzbank AG (OTCMKTS:CRZBY) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company.

Several brokerages have commented on CRZBY. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Commerzbank in a report on Monday, August 11th. Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Commerzbank from a “hold” rating to a “buy” rating in a report on Monday, November 10th. Keefe, Bruyette & Woods downgraded Commerzbank from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. lowered shares of Commerzbank from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 9th.

Commerzbank Trading Down 3.1%

CRZBY opened at $37.65 on Friday. The company’s 50 day moving average is $37.12 and its 200-day moving average is $35.22. The company has a market cap of $44.60 billion, a P/E ratio of 16.73 and a beta of 0.57. Commerzbank has a 1-year low of $14.91 and a 1-year high of $44.85. The company has a current ratio of 12.40, a quick ratio of 33.14 and a debt-to-equity ratio of 14.69.

Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). Commerzbank had a net margin of 10.51% and a return on equity of 7.49%. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.46 billion. Equities research analysts predict that Commerzbank will post 1.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Commerzbank

Large investors have recently modified their holdings of the stock. Rhumbline Advisers increased its position in Commerzbank by 14.5% in the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock worth $117,000 after buying an additional 650 shares during the last quarter. GAMMA Investing LLC boosted its stake in Commerzbank by 18.1% during the third quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock valued at $183,000 after buying an additional 741 shares during the period. Finally, Yousif Capital Management LLC grew its holdings in shares of 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 in the last quarter.

About Commerzbank

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.