Commerzbank (OTCMKTS:CRZBY) Upgraded at Zacks Investment Research

Commerzbank (OTCMKTS:CRZBY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “COMMERZBANK AG is involved in the Financial Services Industry. Their principal activities are the provision of banking services, operating through the following divisions: Group management and Services, Domestic Branch Banking, International Finance, and Investment Banking. “

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Commerzbank in a research note on Friday, July 5th. ValuEngine upgraded Commerzbank from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold”.

Shares of Commerzbank stock traded up $0.03 on Thursday, reaching $5.97. 38,504 shares of the company were exchanged, compared to its average volume of 99,161. Commerzbank has a one year low of $5.21 and a one year high of $10.25. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 7.28 and a beta of 1.70. The company has a 50-day moving average of $5.86 and a 200 day moving average of $7.05.

Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter. Commerzbank had a return on equity of 2.54% and a net margin of 6.11%. The company had revenue of $2.47 billion for the quarter. Analysts anticipate that Commerzbank will post 0.75 EPS for the current year.

A hedge fund recently raised its stake in Commerzbank stock. Parametric Portfolio Associates LLC boosted its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,181,668 shares of the financial services provider’s stock after acquiring an additional 22,530 shares during the period. Parametric Portfolio Associates LLC owned 0.17% of Commerzbank worth $15,529,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.18% of the company’s stock.

About Commerzbank

Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers and Corporate Clients segments.

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