Commerzbank (OTCMKTS:CRZBY) Cut to Moderate Sell at Keefe, Bruyette & Woods

Key Points

• Commerzbank was downgraded by Keefe, Bruyette & Woods from a "hold" rating to a "moderate sell" rating.
• Recent earnings results showed a missed earnings per share estimate, with actual earnings of $0.22 compared to the consensus estimate of $0.67.
• The company's stock has experienced a 2.4% decline in value, illustrating ongoing market challenges.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) was downgraded by research analysts at Keefe, Bruyette & Woods from a "hold" rating to a "moderate sell" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also weighed in on CRZBY. Deutsche Bank Aktiengesellschaft lowered Commerzbank from a "buy" rating to a "hold" rating in a research report on Monday, August 18th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Commerzbank in a research report on Monday, August 11th. JPMorgan Chase & Co. lowered Commerzbank from an "overweight" rating to a "neutral" rating in a research report on Tuesday, September 9th. Citigroup reissued a "neutral" rating on shares of Commerzbank in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group lowered Commerzbank from a "hold" rating to a "sell" rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold".

Commerzbank Trading Down 2.4%

Shares of OTCMKTS CRZBY opened at $36.58 on Tuesday. The company has a quick ratio of 33.14, a current ratio of 12.40 and a debt-to-equity ratio of 14.69. The business has a fifty day simple moving average of $38.25 and a two-hundred day simple moving average of $31.92. The firm has a market cap of $43.34 billion, a PE ratio of 16.26 and a beta of 0.67. Commerzbank has a twelve month low of $14.91 and a twelve month high of $44.85.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last issued 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). The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $2.97 billion. Commerzbank had a net margin of 10.51% and a return on equity of 7.49%. Analysts expect that Commerzbank will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in Commerzbank by 124.6% during the 1st quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider's stock valued at $95,000 after buying an additional 2,306 shares in the last quarter. Rhumbline Advisers increased its position in Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider's stock valued at $117,000 after buying an additional 650 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in Commerzbank by 8.0% during the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider's stock valued at $492,000 after buying 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.

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