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

Commerzbank AG (OTCMKTS:CRZBY) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company.

Separately, Citigroup reissued a “neutral” rating on shares of Commerzbank in a research report on Monday, August 10th.

Commerzbank Stock Performance

Shares of CRZBY opened at $47.73 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.45 and a quick ratio of 12.24. Commerzbank has a one year low of $33.63 and a one year high of $50.16. The firm has a market capitalization of $52.34 billion, a P/E ratio of 15.70 and a beta of 0.56. The business has a fifty day moving average of $45.45 and a 200 day moving average of $42.26.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC grew its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 18.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,877 shares of the financial services provider’s stock after acquiring an additional 933 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $248,000 as of its most recent SEC filing.

About Commerzbank

Commerzbank AG is a Germany-based universal bank that serves private customers, small and medium-sized businesses, corporate clients and institutional customers. Its offerings include current and savings accounts, consumer and business lending, payment services, securities and investment products, wealth management, and financing for international trade and commercial activities.

The bank’s business is organized primarily around private and small-business customers and corporate clients.