Commerzbank (OTCMKTS:CRZBY) Sets New 52-Week High – Time to Buy?

Commerzbank AG (OTCMKTS:CRZBY)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $48.28 and last traded at $48.28, with a volume of 1117 shares trading hands. The stock had previously closed at $45.71.

Analyst Ratings Changes

A number of research firms recently weighed in on CRZBY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. Citigroup reiterated a “neutral” rating on shares of Commerzbank in a research note on Monday, August 10th. DZ Bank upgraded shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Commerzbank has a consensus rating of “Moderate Buy”.

Commerzbank Price Performance

The business’s 50 day moving average is $44.39 and its two-hundred day moving average is $41.73. The firm has a market capitalization of $53.67 billion, a PE ratio of 16.10 and a beta of 0.56. The company has a debt-to-equity ratio of 1.62, a current ratio of 12.24 and a quick ratio of 12.24.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Commerzbank stock. Rhumbline Advisers boosted its position in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,140 shares of the financial services provider’s stock after acquiring an additional 650 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent filing with the Securities & 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.