Commerzbank AG (OTCMKTS:CRZBY) Given Average Recommendation of “Hold” by Brokerages

Shares of Commerzbank AG (OTCMKTS:CRZBY) have earned a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several research firms have recently issued reports on CRZBY. Keefe, Bruyette & Woods lowered Commerzbank from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft raised shares of Commerzbank from a “hold” rating to a “buy” rating in a research note on Monday, November 10th. Finally, The Goldman Sachs Group upgraded shares of Commerzbank from a “sell” rating to a “neutral” rating in a report on Thursday, December 4th.

Institutional Investors Weigh In On Commerzbank

A number of institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in shares of Commerzbank by 14.5% in the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 650 shares during the last quarter. Yousif Capital Management LLC boosted its position in Commerzbank by 8.0% in the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after buying an additional 1,165 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Commerzbank by 18.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock worth $183,000 after buying an additional 741 shares during the period.

Commerzbank Stock Performance

CRZBY stock opened at $41.60 on Friday. The company has a market cap of $49.28 billion, a price-to-earnings ratio of 18.33 and a beta of 0.36. The business’s 50-day moving average is $39.93 and its two-hundred day moving average is $37.86. Commerzbank has a fifty-two week low of $17.03 and a fifty-two week high of $44.85.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). Commerzbank had a return on equity of 7.29% and a net margin of 11.03%.The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Equities analysts predict that Commerzbank will post 1.96 earnings per share 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.