Commerzbank AG (OTCMKTS:CRZBY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Commerzbank AG (OTCMKTS:CRZBY) have received an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of brokerages have commented on CRZBY. The Goldman Sachs Group restated a “neutral” rating on shares of Commerzbank in a research note on Monday, February 23rd. DZ Bank upgraded Commerzbank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, Zacks Research upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th.

Commerzbank Trading Down 2.7%

OTCMKTS:CRZBY opened at $36.27 on Friday. The firm’s fifty day simple moving average is $39.75 and its 200 day simple moving average is $38.97. Commerzbank has a twelve month low of $21.80 and a twelve month high of $44.85. The firm has a market capitalization of $40.89 billion, a price-to-earnings ratio of 15.98 and a beta of 0.37.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers increased its position in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,876 shares of the financial services provider’s stock after purchasing an additional 1,252 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Commerzbank Company Profile

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.