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

Commerzbank AG (OTCMKTS:CRZBY) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

Several research analysts have weighed in on the company. The Goldman Sachs Group upgraded Commerzbank from a “sell” rating to a “neutral” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft raised shares of Commerzbank from a “hold” rating to a “buy” rating in a report on Monday, November 10th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Yousif Capital Management LLC grew its position in shares of Commerzbank by 8.0% during the 2nd 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 in the last quarter. GAMMA Investing LLC raised its stake in shares of Commerzbank by 5.6% during the 4th quarter. GAMMA Investing LLC now owns 5,113 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 272 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Commerzbank by 22.3% during the third quarter. Rhumbline Advisers now owns 6,876 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 1,252 shares in the last quarter.

Commerzbank Stock Down 1.7%

Commerzbank stock opened at $42.17 on Thursday. Commerzbank has a 52-week low of $18.68 and a 52-week high of $44.85. The company has a market cap of $45.14 billion, a P/E ratio of 18.58 and a beta of 0.36. The business has a 50-day simple moving average of $40.85 and a two-hundred day simple moving average of $38.70.

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