Commerzbank (OTCMKTS:CRZBY) Upgraded at DZ Bank

DZ Bank upgraded shares of Commerzbank (OTCMKTS:CRZBY) from a strong sell rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Several other brokerages have also recently commented on CRZBY. Deutsche Bank Aktiengesellschaft raised shares of Commerzbank from a “hold” rating to a “buy” rating in a report on Monday, November 10th. The Goldman Sachs Group upgraded Commerzbank from a “sell” rating to a “neutral” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Commerzbank Trading Down 5.5%

Shares of OTCMKTS CRZBY opened at $38.43 on Wednesday. The business’s 50 day moving average is $41.41 and its 200-day moving average is $39.27. The firm has a market cap of $41.13 billion, a P/E ratio of 16.93 and a beta of 0.36. Commerzbank has a 1-year low of $20.21 and a 1-year high of $44.85.

Institutional Investors Weigh In On Commerzbank

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRZBY. GAMMA Investing LLC increased its stake in shares of Commerzbank by 5.6% in the 4th quarter. GAMMA Investing LLC now owns 5,113 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 272 shares during the last quarter. Rhumbline Advisers boosted its stake in Commerzbank by 14.5% in the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock valued at $117,000 after buying an additional 650 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in Commerzbank by 8.0% in 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 in the last quarter.

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.