Commerzbank AG (OTCMKTS:CRZBY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Commerzbank AG (OTCMKTS:CRZBY) have earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

Several equities research analysts have recently weighed in on CRZBY shares. Deutsche Bank Aktiengesellschaft raised Commerzbank from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Commerzbank in a report on Monday. DZ Bank raised shares of Commerzbank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Zacks Research upgraded shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers boosted its position in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,876 shares of the financial services provider’s stock after buying an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Commerzbank Stock Performance

Shares of OTCMKTS:CRZBY opened at $42.36 on Monday. Commerzbank has a one year low of $21.07 and a one year high of $44.85. The firm has a market cap of $47.76 billion, a PE ratio of 18.66 and a beta of 0.36. The firm’s 50 day simple moving average is $41.34 and its 200-day simple moving average is $39.45.

Commerzbank Company Profile

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.