Commerzbank (OTCMKTS:CRZBY) Upgraded to “Overweight” at Barclays

Barclays upgraded shares of Commerzbank (OTCMKTS:CRZBY) from an equal weight rating to an overweight rating in a report published on Monday morning, MarketBeat Ratings reports.

Several other analysts also recently commented on CRZBY. Keefe, Bruyette & Woods raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Commerzbank in a report on Thursday. Zacks Research downgraded shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. DZ Bank raised shares of Commerzbank from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Commerzbank in a report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Commerzbank Trading Up 1.6%

OTCMKTS CRZBY opened at $43.05 on Monday. The company has a quick ratio of 15.42, a current ratio of 15.43 and a debt-to-equity ratio of 14.97. The firm has a market cap of $48.54 billion, a PE ratio of 18.56 and a beta of 0.47. The company has a 50 day moving average price of $38.46 and a 200 day moving average price of $39.04. Commerzbank has a 52 week low of $25.61 and a 52 week high of $44.85.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings data on Wednesday, March 25th. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.61 billion. Commerzbank had a net margin of 11.02% and a return on equity of 7.38%. As a group, sell-side analysts forecast that Commerzbank will post 3.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers grew its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 Securities & Exchange Commission.

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.