Commerzbank AG (OTCMKTS:CRZBY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Commerzbank AG (OTCMKTS:CRZBY) has earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities analysts have recently weighed in on CRZBY shares. Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. Citigroup reissued a “neutral” rating on shares of Commerzbank in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a report on Tuesday, May 12th. Zacks Research lowered shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, DZ Bank raised Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its position in Commerzbank stock. GAMMA Investing LLC grew its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Commerzbank Trading Up 1.7%

Shares of Commerzbank stock opened at $41.73 on Thursday. The business has a fifty day simple moving average of $42.76 and a 200-day simple moving average of $40.87. Commerzbank has a fifty-two week low of $33.63 and a fifty-two week high of $44.88. The firm has a market cap of $45.76 billion, a price-to-earnings ratio of 16.49 and a beta of 0.53. The company has a quick ratio of 12.24, a current ratio of 12.24 and a debt-to-equity ratio of 1.62.

Commerzbank (OTCMKTS:CRZBY) last released its earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%.The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.83 billion. On average, equities analysts forecast that Commerzbank will post 3.44 EPS for the current fiscal year.

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.