Commerzbank (OTCMKTS:CRZBY) Stock Rating Cut to Hold at DZ Bank

Commerzbank (OTCMKTS:CRZBY) was downgraded by equities researchers at DZ Bank from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

CRZBY has been the topic of a number of other research reports. Royal Bank Of Canada downgraded Commerzbank from a “moderate buy” rating to a “hold” rating in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Commerzbank from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, September 28th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Commerzbank Price Performance

Shares of OTCMKTS:CRZBY opened at $42.18 on Thursday. Commerzbank has a 12 month low of $33.63 and a 12 month high of $50.16. The company has a 50 day moving average of $44.95 and a 200 day moving average of $42.35. The stock has a market cap of $44.28 billion, a P/E ratio of 12.67 and a beta of 0.60. 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 (OTCMKTS:CRZBY) last announced its quarterly earnings results on Thursday, November 5th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Commerzbank had a net margin of 13.30% and a return on equity of 8.89%. As a group, sell-side analysts forecast that Commerzbank will post 3.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently bought a new position in Commerzbank stock. Canopy Partners LLC bought a new position in Commerzbank AG (OTCMKTS:CRZBY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,570 shares of the financial services provider’s stock, valued at approximately $207,000.

About Commerzbank

Commerzbank AG is a German banking group headquartered in Frankfurt. Founded in Hamburg in 1870, it provides financial services to individuals, small and midsize businesses, and corporate clients.

Its services include checking and savings accounts, payments, lending, investment and securities services, and financing for businesses. For corporate customers, the bank also offers services such as trade finance, cash management, and support for international business activities.

Commerzbank’s business is centered on Germany, with operations and services in other markets, including through its Polish subsidiary mBank.