Commerzbank (OTCMKTS:CRZBY) Stock Rating Lowered by Zacks Investment Research

Commerzbank (OTCMKTS:CRZBY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, 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. “

Other equities research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Commerzbank from €6.50 ($7.65) to €6.00 ($7.06) and set a “hold” rating on the stock in a research note on Thursday, August 5th. Societe Generale cut their target price on shares of Commerzbank from $5.00 to $4.80 and set a “sell” rating on the stock in a research note on Thursday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Commerzbank from €5.80 ($6.82) to €6.30 ($7.41) and gave the company a “neutral” rating in a research note on Thursday, August 5th. UBS Group upgraded shares of Commerzbank from a “sell” rating to a “neutral” rating in a research note on Wednesday, September 1st. Finally, Citigroup raised shares of Commerzbank from a “neutral” rating to a “buy” rating in a research report on Monday, August 9th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.15.

CRZBY stock traded down $0.31 during trading on Wednesday, reaching $7.00. The stock had a trading volume of 12,579 shares, compared to its average volume of 34,455. Commerzbank has a 1-year low of $4.62 and a 1-year high of $8.43. The company has a current ratio of 0.97, a quick ratio of 15.10 and a debt-to-equity ratio of 15.69. The company has a market capitalization of $8.77 billion, a P/E ratio of -2.60 and a beta of 1.69. The firm has a fifty day moving average price of $6.43 and a 200 day moving average price of $6.77.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings data on Wednesday, August 4th. The financial services provider reported ($0.65) EPS for the quarter. Commerzbank had a negative return on equity of 10.41% and a negative net margin of 27.68%. The firm had revenue of $2.63 billion during the quarter. Sell-side analysts predict that Commerzbank will post -0.44 EPS for the current year.

An institutional investor recently raised its position in Commerzbank stock. Parametric Portfolio Associates LLC increased its stake in Commerzbank AG (OTCMKTS:CRZBY) by 17.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,348,476 shares of the financial services provider’s stock after acquiring an additional 350,566 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.19% of Commerzbank worth $16,698,000 at the end of the most recent reporting period. 0.19% of the stock is owned by institutional investors.

Commerzbank Company Profile

Commerzbank AG engages in the provision of commercial banking services. It operates through the following business segments: Private and Small-Businesses Customers, Corporate Clients, and Others & Consolidation. The Private and Small-Businesses Customers segment is comprised of the universal bank services for private and small-business customers, online securities transactions, and asset management.

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