Commerzbank (OTCMKTS:CRZBY) Cut to “Hold” at Zacks Research

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

A number of other research firms also recently issued reports on CRZBY. Keefe, Bruyette & Woods upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. The Goldman Sachs Group restated a “neutral” rating on shares of Commerzbank in a research report on Monday, February 23rd. Finally, DZ Bank upgraded shares of Commerzbank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Commerzbank has an average rating of “Hold”.

Commerzbank Trading Up 0.5%

Commerzbank stock opened at $41.75 on Monday. Commerzbank has a 1 year low of $25.61 and a 1 year high of $44.85. The company has a market cap of $47.07 billion, a PE ratio of 18.00 and a beta of 0.47. The company’s 50-day moving average is $38.39 and its two-hundred day moving average is $38.94.

Commerzbank (OTCMKTS:CRZBY) last released its earnings results on Wednesday, March 25th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Commerzbank had a net margin of 11.02% and a return on equity of 7.38%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.61 billion. Research analysts forecast that Commerzbank will post 1.96 EPS for the current year.

Institutional Trading of Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers boosted its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 22.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,876 shares of the financial services provider’s stock after buying an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 as of its most recent filing with the SEC.

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.