Commerzbank AG (OTCMKTS:CRZBY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Commerzbank AG (OTCMKTS:CRZBY) have received a consensus rating of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company.

CRZBY has been the subject of several analyst reports. Citigroup lowered shares of Commerzbank from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 19th. Deutsche Bank Aktiengesellschaft upgraded shares of Commerzbank to a “hold” rating in a report on Monday, May 17th. downgraded shares of Commerzbank from a “buy” rating to a “neutral” rating in a report on Wednesday, May 19th. Royal Bank of Canada upgraded shares of Commerzbank to a “sector perform” rating in a report on Thursday, June 10th. Finally, UBS Group upgraded shares of Commerzbank to a “sell” rating in a report on Monday, May 24th.

Shares of OTCMKTS:CRZBY traded up $0.20 during trading on Friday, reaching $6.55. 35,133 shares of the company traded hands, compared to its average volume of 19,837. The company has a fifty day simple moving average of $7.51. Commerzbank has a 1-year low of $4.62 and a 1-year high of $8.43. The company has a quick ratio of 15.10, a current ratio of 15.10 and a debt-to-equity ratio of 15.69.

Commerzbank (OTCMKTS:CRZBY) last issued its earnings results on Wednesday, May 12th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $2.60 billion during the quarter. Commerzbank had a negative net margin of 21.24% and a negative return on equity of 7.91%. Equities research analysts expect that Commerzbank will post -0.29 earnings per share for the current fiscal year.

About Commerzbank

Commerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers, and Corporate Clients. The company offers accounts, commercial payments, payment enabling, clearing and custody, and other services; trade services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services.

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Analyst Recommendations for Commerzbank (OTCMKTS:CRZBY)

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