Commerzbank (OTCMKTS:CRZBY) Stock Rating Upgraded by DZ Bank

Commerzbank (OTCMKTS:CRZBY) was upgraded by equities researchers at DZ Bank from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also commented on the stock. The Goldman Sachs Group raised shares of Commerzbank from a “sell” rating to a “neutral” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Commerzbank from a “hold” rating to a “buy” rating in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Commerzbank Price Performance

Shares of CRZBY opened at $40.57 on Wednesday. The business has a 50-day moving average of $41.43 and a 200-day moving average of $39.24. The company has a market capitalization of $43.42 billion, a price-to-earnings ratio of 17.87 and a beta of 0.36. Commerzbank has a 1 year low of $19.92 and a 1 year high of $44.85.

Institutional Investors Weigh In On Commerzbank

A number of large investors have recently bought and sold shares of the stock. Yousif Capital Management LLC increased its stake 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 purchasing an additional 1,165 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Commerzbank by 22.3% in the 3rd quarter. Rhumbline Advisers now owns 6,876 shares of the financial services provider’s stock valued at $260,000 after buying an additional 1,252 shares during the period. Finally, GAMMA Investing LLC increased its position in Commerzbank by 5.6% in the 4th quarter. GAMMA Investing LLC now owns 5,113 shares of the financial services provider’s stock valued at $217,000 after buying an additional 272 shares in the last quarter.

About Commerzbank

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.