Commerzbank AG (OTCMKTS:CRZBY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Commerzbank AG (OTCMKTS:CRZBY) have earned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.

CRZBY has been the subject of several analyst reports. Keefe, Bruyette & Woods downgraded shares of Commerzbank from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft raised Commerzbank from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. JPMorgan Chase & Co. downgraded Commerzbank from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 9th. Finally, The Goldman Sachs Group upgraded Commerzbank from a “sell” rating to a “neutral” rating in a research report on Thursday, December 4th.

Institutional Trading of Commerzbank

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRZBY. Rhumbline Advisers raised its holdings in Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 650 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Commerzbank by 18.1% during the third quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock worth $183,000 after buying an additional 741 shares during the period. Finally, Yousif Capital Management LLC increased its position 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 buying an additional 1,165 shares during the period.

Commerzbank Stock Performance

OTCMKTS:CRZBY opened at $40.60 on Wednesday. The stock’s 50-day moving average is $37.57 and its 200-day moving average is $36.49. Commerzbank has a 1-year low of $15.66 and a 1-year high of $44.85. The company has a current ratio of 0.53, a quick ratio of 33.14 and a debt-to-equity ratio of 1.82. The stock has a market cap of $48.10 billion, a P/E ratio of 17.89 and a beta of 0.36.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). Commerzbank had a net margin of 11.03% and a return on equity of 7.29%. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.46 billion. Equities research analysts anticipate that Commerzbank will post 1.96 earnings per share for the current year.

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.