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

Shares of Commerzbank AG (OTCMKTS:CRZBY) have received an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company.

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods cut Commerzbank from a “hold” rating to a “moderate sell” rating in a report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft cut Commerzbank from a “buy” rating to a “hold” rating in a report on Monday, August 18th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Commerzbank in a report on Monday, August 11th. The Goldman Sachs Group cut Commerzbank from a “hold” rating to a “sell” rating in a report on Tuesday, August 26th. Finally, Citigroup reissued a “neutral” rating on shares of Commerzbank in a report on Tuesday, August 5th.

Commerzbank Stock Performance

Shares of OTCMKTS CRZBY opened at $37.85 on Friday. The company’s fifty day moving average price is $38.82 and its 200 day moving average price is $32.48. Commerzbank has a 1 year low of $14.91 and a 1 year high of $44.85. The company has a market capitalization of $44.84 billion, a PE ratio of 16.82 and a beta of 0.59. The company has a debt-to-equity ratio of 14.69, a quick ratio of 33.14 and a current ratio of 12.40.

Commerzbank (OTCMKTS:CRZBY) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.45). Commerzbank had a net margin of 10.51% and a return on equity of 7.49%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $2.97 billion. On average, research analysts predict that Commerzbank will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On Commerzbank

Several hedge funds and other institutional investors have recently modified their holdings of CRZBY. GAMMA Investing LLC lifted its stake in shares of Commerzbank by 5,022.0% in the first quarter. GAMMA Investing LLC now owns 94,757 shares of the financial services provider’s stock worth $2,160,000 after buying an additional 92,907 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Commerzbank by 14.5% in the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock worth $117,000 after buying an additional 650 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of Commerzbank by 8.0% in the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock worth $492,000 after buying an additional 1,165 shares in the last quarter.

About Commerzbank

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.