Commerzbank (OTCMKTS:CRZBY) Rating Lowered to “Hold” at DZ Bank

Commerzbank (OTCMKTS:CRZBY) was downgraded by analysts at DZ Bank from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks reports.

Several other research firms have also weighed in on CRZBY. Deutsche Bank Aktiengesellschaft lowered shares of Commerzbank from a “buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Royal Bank Of Canada cut shares of Commerzbank from a “moderate buy” rating to a “hold” rating in a report on Friday, October 2nd. Finally, Citigroup reiterated a “neutral” rating on shares of Commerzbank in a research note on Monday, September 28th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Commerzbank Stock Down 2.4%

Shares of OTCMKTS CRZBY traded down $1.03 during trading hours on Thursday, hitting $42.18. The company had a trading volume of 22,121 shares, compared to its average volume of 37,963. The stock has a market capitalization of $44.28 billion, a P/E ratio of 12.67 and a beta of 0.60. The company has a quick ratio of 12.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.62. Commerzbank has a 1-year low of $33.63 and a 1-year high of $50.16. The firm’s 50 day moving average is $44.95 and its 200-day moving average is $42.35.

Commerzbank (OTCMKTS:CRZBY) last issued its earnings results on Thursday, November 5th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.69 billion. Commerzbank had a net margin of 13.30% and a return on equity of 8.89%. On average, analysts expect that Commerzbank will post 3.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its stake in Commerzbank stock. GAMMA Investing LLC lifted its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 5.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,201 shares of the financial services provider’s stock after acquiring an additional 324 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $281,000 as of its most recent filing with the SEC.

Commerzbank Company Profile

Commerzbank AG is a German banking group headquartered in Frankfurt. Founded in Hamburg in 1870, it provides financial services to individuals, small and midsize businesses, and corporate clients.

Its services include checking and savings accounts, payments, lending, investment and securities services, and financing for businesses. For corporate customers, the bank also offers services such as trade finance, cash management, and support for international business activities.

Commerzbank’s business is centered on Germany, with operations and services in other markets, including through its Polish subsidiary mBank.