Commerzbank AG (OTCMKTS:CRZBY) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

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

Several research firms recently weighed in on CRZBY. Citigroup restated a “neutral” rating on shares of Commerzbank in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft lowered Commerzbank from a “buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Finally, Royal Bank Of Canada downgraded Commerzbank from a “moderate buy” rating to a “hold” rating in a research report on Friday, October 2nd.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Commerzbank stock. GAMMA Investing LLC lifted its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,201 shares of the financial services provider’s stock after acquiring an additional 324 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $281,000 at the end of the most recent reporting period.

Commerzbank Stock Performance

Commerzbank stock opened at $42.64 on Tuesday. Commerzbank has a twelve month low of $33.63 and a twelve month high of $50.16. The company has a quick ratio of 12.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.62. The company’s 50-day moving average price is $46.38 and its 200-day moving average price is $43.27. The company has a market cap of $44.77 billion, a PE ratio of 14.03 and a beta of 0.60.

About Commerzbank

Commerzbank AG is a German universal bank headquartered in Frankfurt am Main. Founded in 1870 in Hamburg, the bank serves private customers, small and medium-sized enterprises, corporate clients, and institutional investors. Its offerings include current and savings accounts, consumer and business lending, payment services, investment products, and financial advice.

Through its Corporate Clients business, Commerzbank provides companies with trade finance, cash management, corporate finance, capital-markets services, foreign-exchange products, and risk-management solutions.