Commerzbank AG (OTCMKTS:CRZBY) Receives Average Rating of "Hold" from Analysts

Key Points

• Commerzbank AG has received an average rating of "Hold" from six brokerages, with one sell rating, four hold ratings, and one buy rating among analysts.
• The company's earnings report on August 6th showed a miss in earnings per share by $0.45, while revenue exceeded expectations at $3.49 billion.
• Recent adjustments by investors included GAMMA Investing LLC increasing their ownership by 124.6%, highlighting significant interest in the stock.

Shares of Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) have been given an average recommendation of "Hold" by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company.

CRZBY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded Commerzbank from a "buy" rating to a "hold" rating in a research note on Monday, August 18th. Citigroup reiterated a "neutral" rating on shares of Commerzbank in a research note on Tuesday, August 5th. The Goldman Sachs Group downgraded Commerzbank from a "hold" rating to a "sell" rating in a research note on Tuesday, August 26th. JPMorgan Chase & Co. downgraded Commerzbank from an "overweight" rating to a "neutral" rating in a research note on Tuesday, September 9th. Finally, Keefe, Bruyette & Woods downgraded Commerzbank from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, September 23rd.

Commerzbank Price Performance

Shares of OTCMKTS CRZBY opened at $35.33 on Tuesday. Commerzbank has a twelve month low of $14.91 and a twelve month high of $44.85. The stock's 50 day moving average price is $38.58 and its 200-day moving average price is $33.57. The company has a market capitalization of $41.85 billion, a PE ratio of 15.70 and a beta of 0.59. The company has a quick ratio of 33.14, a current ratio of 12.40 and a debt-to-equity ratio of 14.69.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.45). Commerzbank had a return on equity of 7.49% and a net margin of 10.51%.The business had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $2.97 billion. On average, equities analysts anticipate that Commerzbank will post 1.96 EPS for the current year.

Hedge Funds Weigh In On Commerzbank

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in shares of Commerzbank by 124.6% in the first quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider's stock valued at $95,000 after purchasing an additional 2,306 shares in the last quarter. Rhumbline Advisers grew its position in shares of Commerzbank by 14.5% in the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 650 shares in the last quarter. Finally, Yousif Capital Management LLC grew its position in shares of Commerzbank by 8.0% in the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider's stock valued at $492,000 after purchasing an additional 1,165 shares in the last quarter.

Commerzbank Company Profile

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.