Shares of Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company.
CRZBY has been the subject of several recent research reports. Zacks Research upgraded shares of Commerzbank from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 17th. The Goldman Sachs Group restated a "neutral" rating on shares of Commerzbank in a report on Monday, February 23rd. DZ Bank upgraded shares of Commerzbank from a "strong sell" rating to a "hold" rating in a report on Wednesday, February 11th. Finally, Keefe, Bruyette & Woods upgraded shares of Commerzbank from a "hold" rating to a "moderate buy" rating in a report on Thursday, March 26th.
View Our Latest Research Report on CRZBY
Institutional Investors Weigh In On Commerzbank
An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers increased its stake in Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 14.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,140 shares of the financial services provider's stock after acquiring an additional 650 shares during the period. Rhumbline Advisers' holdings in Commerzbank were worth $117,000 as of its most recent SEC filing.
Commerzbank Stock Performance
CRZBY stock opened at $40.71 on Tuesday. Commerzbank has a one year low of $24.61 and a one year high of $44.85. The stock has a market capitalization of $45.90 billion, a PE ratio of 17.55 and a beta of 0.47. The company has a fifty day moving average of $38.40 and a 200-day moving average of $38.90.
Commerzbank (OTCMKTS:CRZBY - Get Free Report) last announced its quarterly earnings results on Wednesday, March 25th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.61 billion. Commerzbank had a net margin of 11.02% and a return on equity of 7.38%. Equities analysts forecast that Commerzbank will post 1.96 earnings per share for the current fiscal year.
Commerzbank Company Profile
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Get Free Report)
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.
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