Commerzbank AG (OTCMKTS:CRZBY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Commerzbank AG (OTCMKTS:CRZBY) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

Several research firms recently weighed in on CRZBY. DZ Bank upgraded shares of Commerzbank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Commerzbank in a report on Monday. Deutsche Bank Aktiengesellschaft raised Commerzbank from a “hold” rating to a “buy” rating in a report on Monday, November 10th. Finally, Zacks Research upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th.

Commerzbank Price Performance

OTCMKTS:CRZBY opened at $40.76 on Monday. Commerzbank has a one year low of $21.07 and a one year high of $44.85. The company has a fifty day moving average price of $41.33 and a 200 day moving average price of $39.47. The stock has a market cap of $45.96 billion, a P/E ratio of 17.96 and a beta of 0.36.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC lifted its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY) by 5.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,113 shares of the financial services provider’s stock after acquiring an additional 272 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $217,000 as of its most recent filing with the SEC.

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.