Commerzbank (OTCMKTS:CRZBY) Downgraded by JPMorgan Chase & Co. to Neutral

Key Points

• Commerzbank has been downgraded by JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating, indicating a shift in analyst sentiment towards the stock.
• Analysts have mixed ratings on Commerzbank, with one "Buy" rating, four "Hold" ratings, and one "Sell" rating, resulting in an average rating of "Hold" according to MarketBeat.com.
• Commerzbank recently reported earnings that missed consensus estimates, with EPS of $0.22 compared to a forecast of $0.67, although it did achieve revenue of $3.49 billion, exceeding the expected $2.97 billion.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) was downgraded by equities research analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a report issued on Tuesday, Marketbeat.com reports.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada restated a "sector perform" rating on shares of Commerzbank in a research note on Monday, August 11th. The Goldman Sachs Group cut Commerzbank from a "hold" rating to a "sell" rating in a research note on Tuesday, August 26th. Citigroup reiterated a "neutral" rating on shares of Commerzbank in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft cut Commerzbank from a "buy" rating to a "hold" rating in a research note on Monday, August 18th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Commerzbank in a research note on Monday, May 19th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold".

Commerzbank Trading Down 1.8%

OTCMKTS:CRZBY traded down $0.69 during trading hours on Tuesday, reaching $38.09. 17,309 shares of the stock were exchanged, compared to its average volume of 43,562. 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 50-day moving average of $37.74 and a two-hundred day moving average of $31.22. Commerzbank has a twelve month low of $14.91 and a twelve month high of $44.85. The company has a market capitalization of $45.12 billion, a price-to-earnings ratio of 16.93 and a beta of 0.67.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.22 EPS 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 firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $2.97 billion. On average, equities analysts predict that Commerzbank will post 1.96 EPS for the current year.

Hedge Funds Weigh In On Commerzbank

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in 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 buying an additional 2,306 shares during the last quarter. Rhumbline Advisers increased its holdings in 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 buying an additional 650 shares during the last quarter. Finally, Yousif Capital Management LLC increased its holdings 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 valued at $492,000 after buying an additional 1,165 shares during the last quarter.

About Commerzbank

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.