Commerzbank AG (OTCMKTS:CRZBY) Receives Consensus Rating of “Moderate Buy” from Analysts

Commerzbank AG (OTCMKTS:CRZBY) has been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company.

CRZBY has been the topic of a number of research analyst reports. DZ Bank raised Commerzbank from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. The Goldman Sachs Group upgraded shares of Commerzbank from a “sell” rating to a “neutral” rating in a research note on Thursday, December 4th. Zacks Research raised shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Commerzbank from a “hold” rating to a “buy” rating in a research note on Monday, November 10th.

Commerzbank Stock Up 1.2%

Shares of OTCMKTS CRZBY opened at $40.79 on Monday. The firm has a market cap of $45.99 billion, a P/E ratio of 17.97 and a beta of 0.36. Commerzbank has a twelve month low of $20.21 and a twelve month high of $44.85. The company has a 50 day moving average of $41.33 and a 200 day moving average of $39.42.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC lifted its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 5.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,113 shares of the financial services provider’s stock after purchasing an additional 272 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $217,000 at the end of the most recent reporting 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.