Commerzbank AG (OTCMKTS:CRZBY) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Commerzbank has a consensus “Moderate Buy” rating from nine analysts: five hold ratings, three buys and one strong buy.
• Recent analyst actions have been cautious, with Royal Bank of Canada and Deutsche Bank downgrading the stock to “hold,” while Citigroup maintained a neutral rating.
• Shares opened at $42.09, down 2%, with a market capitalization of approximately $44.19 billion; Canopy Partners also acquired a new 4,570-share stake valued at about $207,000.

Shares of Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company.

Several analysts have recently issued reports on the company. Royal Bank Of Canada downgraded Commerzbank from a "moderate buy" rating to a "hold" rating in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft downgraded Commerzbank from a "buy" rating to a "hold" rating in a research note on Tuesday, September 29th. Finally, Citigroup restated a "neutral" rating on shares of Commerzbank in a report on Monday, September 28th.

Institutional Trading of Commerzbank

An institutional investor recently bought a new stake in Commerzbank stock. Canopy Partners LLC acquired a new position in shares of Commerzbank AG (OTCMKTS:CRZBY - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,570 shares of the financial services provider's stock, valued at approximately $207,000.

Commerzbank Stock Down 2.0%

CRZBY stock opened at $42.09 on Friday. The company has a current ratio of 0.45, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62. Commerzbank has a 1 year low of $33.63 and a 1 year high of $50.16. The company has a fifty day simple moving average of $45.27 and a 200 day simple moving average of $42.30. The firm has a market cap of $44.19 billion, a PE ratio of 13.85 and a beta of 0.60.

About Commerzbank

Commerzbank AG is a German commercial bank headquartered in Frankfurt am Main. Founded in 1870, the bank serves private customers, small and medium-sized businesses, large corporate clients and institutional investors. Its activities are centered primarily in Germany and Poland, with additional international operations supporting corporate and capital-markets clients.

The bank's services include current and savings accounts, consumer and business lending, mortgages, payment services, investment products, securities trading and wealth management.

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