Commerzbank AG (OTCMKTS:CRZBY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Commerzbank AG (OTCMKTS:CRZBY) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company.

Separately, Citigroup reissued a “neutral” rating on shares of Commerzbank in a research note on Monday, August 10th.

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers boosted its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,140 shares of the financial services provider’s stock after purchasing an additional 650 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 at the end of the most recent quarter.

Commerzbank Stock Down 0.3%

Commerzbank stock opened at $48.69 on Friday. The firm has a market cap of $53.39 billion, a price-to-earnings ratio of 16.02 and a beta of 0.56. Commerzbank has a 52-week low of $33.63 and a 52-week high of $49.69. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 0.45. The firm has a 50 day moving average price of $44.90 and a two-hundred day moving average price of $42.00.

Commerzbank Company Profile

Commerzbank AG is a Germany-based universal bank that serves private customers, small and medium-sized businesses, corporate clients and institutional customers. Its offerings include current and savings accounts, consumer and business lending, payment services, securities and investment products, wealth management, and financing for international trade and commercial activities.

The bank’s business is organized primarily around private and small-business customers and corporate clients.