Commerzbank AG (OTCMKTS:CRZBY) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Commerzbank a “Moderate Buy” consensus: Of 10 covering firms, five recommend buying, one rates it a strong buy, and four advise holding.
• Several analysts recently upgraded the stock, including Royal Bank of Canada, Barclays and DZ Bank, while Citigroup maintained a neutral view and Deutsche Bank reaffirmed its buy rating.
• Commerzbank shares opened at $46.12, near their 52-week high of $46.28, with a market capitalization of approximately $50.57 billion and a P/E ratio of 15.17.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company.

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada raised shares of Commerzbank from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 21st. Citigroup reaffirmed a "neutral" rating on shares of Commerzbank in a research note on Monday, August 10th. Barclays upgraded shares of Commerzbank from an "equal weight" rating to an "overweight" rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Commerzbank in a research note on Tuesday, May 12th. Finally, DZ Bank upgraded Commerzbank from a "hold" rating to a "strong-buy" rating in a report on Monday, May 11th.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers lifted its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 22.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,876 shares of the financial services provider's stock after acquiring 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 & Exchange Commission.

Commerzbank Price Performance

Shares of OTCMKTS CRZBY opened at $46.12 on Monday. The firm's fifty day moving average is $43.31 and its 200 day moving average is $41.22. Commerzbank has a 52 week low of $33.63 and a 52 week high of $46.28. The company has a quick ratio of 12.24, a current ratio of 12.24 and a debt-to-equity ratio of 1.62. The company has a market cap of $50.57 billion, a price-to-earnings ratio of 15.17 and a beta of 0.55.

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.

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