Commerzbank (OTCMKTS:CRZBY) Reaches New 1-Year High – What’s Next?

Commerzbank AG (OTCMKTS:CRZBY)’s stock price hit a new 52-week high on Thursday . The company traded as high as $46.1550 and last traded at $46.1550, with a volume of 418 shares traded. The stock had previously closed at $45.43.

Analyst Upgrades and Downgrades

CRZBY has been the topic of several research reports. Citigroup reissued a “neutral” rating on shares of Commerzbank in a research report on Monday. Royal Bank Of Canada raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. DZ Bank raised shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Barclays upgraded Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Commerzbank Stock Performance

The company has a 50 day simple moving average of $43.17 and a 200-day simple moving average of $41.15. The company has a debt-to-equity ratio of 1.62, a current ratio of 12.24 and a quick ratio of 12.24. The stock has a market cap of $50.35 billion, a P/E ratio of 15.10 and a beta of 0.55.

Institutional Trading of Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers lifted its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund 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 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.