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

Commerzbank AG (OTCMKTS:CRZBY) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company.

Several research firms recently issued reports on CRZBY. Keefe, Bruyette & Woods upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 26th. Royal Bank Of Canada raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Zacks Research cut shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. Finally, Barclays raised shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 20th.

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its position in Commerzbank stock. Rhumbline Advisers boosted its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 22.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,876 shares of the financial services provider’s stock after acquiring an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 at the end of the most recent quarter.

Commerzbank Trading Up 2.3%

Shares of OTCMKTS:CRZBY opened at $43.39 on Friday. Commerzbank has a 52-week low of $32.53 and a 52-week high of $44.85. The stock has a market cap of $47.58 billion, a price-to-earnings ratio of 17.15 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. The business has a 50-day moving average price of $42.33 and a 200-day moving average price of $40.74.

Commerzbank (OTCMKTS:CRZBY) last issued its earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.11. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%. Equities analysts predict that Commerzbank will post 3.53 EPS for the current year.

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.