DZ Bank Upgrades Commerzbank (OTCMKTS:CRZBY) to “Hold”

Commerzbank (OTCMKTS:CRZBY) was upgraded by analysts at DZ Bank from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages also recently commented on CRZBY. Deutsche Bank Aktiengesellschaft raised Commerzbank from a “hold” rating to a “buy” rating in a research note on Monday, November 10th. The Goldman Sachs Group raised Commerzbank from a “sell” rating to a “neutral” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Commerzbank currently has a consensus rating of “Hold”.

Commerzbank Price Performance

Shares of OTCMKTS CRZBY opened at $40.57 on Wednesday. The company has a 50-day moving average price of $41.43 and a 200-day moving average price of $39.24. The stock has a market capitalization of $43.42 billion, a P/E ratio of 17.87 and a beta of 0.36. Commerzbank has a 1 year low of $19.92 and a 1 year high of $44.85.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of Commerzbank by 5.6% during the 4th quarter. GAMMA Investing LLC now owns 5,113 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 272 shares during the period. Rhumbline Advisers increased its holdings in Commerzbank by 14.5% during 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 during the last quarter. Finally, Yousif Capital Management LLC raised its position in 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 acquiring an additional 1,165 shares during the period.

About Commerzbank

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.