Commerzbank (OTCMKTS:CRZBY) Hits New 12-Month High – Should You Buy?

Commerzbank AG (OTCMKTS:CRZBY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $46.45 and last traded at $46.45, with a volume of 213 shares changing hands. The stock had previously closed at $45.36.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRZBY. Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, August 10th. DZ Bank upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Commerzbank raised shares of Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Commerzbank Stock Up 1.8%

The company has a current ratio of 12.24, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62. The firm has a 50-day simple moving average of $43.85 and a two-hundred day simple moving average of $41.43. The stock has a market cap of $51.94 billion, a P/E ratio of 15.58 and a beta of 0.55.

Institutional Trading of Commerzbank

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

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.