Commerzbank (OTCMKTS:CRZBY) Upgraded at Zacks Research

Commerzbank (OTCMKTS:CRZBY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

CRZBY has been the topic of a number of other research reports. DZ Bank upgraded Commerzbank from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded Commerzbank from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. Finally, The Goldman Sachs Group upgraded Commerzbank from a “sell” rating to a “neutral” rating in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Commerzbank Price Performance

Shares of OTCMKTS CRZBY opened at $40.46 on Tuesday. Commerzbank has a 1 year low of $20.21 and a 1 year high of $44.85. The stock has a market capitalization of $43.31 billion, a P/E ratio of 17.82 and a beta of 0.36. The company’s 50-day moving average is $41.35 and its 200 day moving average is $39.36.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted 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 worth $117,000 after acquiring an additional 650 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Commerzbank by 18.1% during the third quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 741 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Commerzbank by 8.0% in the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 1,165 shares during 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.