Commerzbank (OTCMKTS:CRZBY) Upgraded at Zacks Research

Zacks Research upgraded shares of Commerzbank (OTCMKTS:CRZBY) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other research analysts also recently commented on the stock. The Goldman Sachs Group raised shares of Commerzbank from a “sell” rating to a “neutral” rating in a report on Thursday, December 4th. DZ Bank raised shares of Commerzbank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft raised Commerzbank from a “hold” rating to a “buy” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Commerzbank Trading Down 0.4%

Shares of Commerzbank stock opened at $40.31 on Tuesday. The business’s fifty day simple moving average is $41.32 and its 200 day simple moving average is $39.37. Commerzbank has a 12 month low of $20.21 and a 12 month high of $44.85. The firm has a market capitalization of $43.14 billion, a P/E ratio of 17.76 and a beta of 0.36.

Hedge Funds Weigh In On Commerzbank

A number of hedge funds have recently made changes to their positions in the business. Rhumbline Advisers grew its position in shares of Commerzbank by 14.5% during the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 650 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Commerzbank by 18.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 741 shares during the last quarter. Finally, Yousif Capital Management LLC boosted 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 valued at $492,000 after buying an additional 1,165 shares during the period.

About Commerzbank

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.