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

Shares of Commerzbank AG (OTCMKTS:CRZBY) have been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

Several brokerages have commented on CRZBY. DZ Bank upgraded shares of Commerzbank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Zacks Research upgraded shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Commerzbank in a research report on Monday, February 23rd.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers lifted its position in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,140 shares of the financial services provider’s stock after purchasing an additional 650 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent reporting period.

Commerzbank Stock Performance

Shares of OTCMKTS CRZBY opened at $34.94 on Friday. Commerzbank has a fifty-two week low of $21.80 and a fifty-two week high of $44.85. The firm has a market capitalization of $39.39 billion, a PE ratio of 15.39 and a beta of 0.37. The stock’s 50-day simple moving average is $39.64 and its 200-day simple moving average is $38.97.

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.