Commerzbank (CRZBY) Rating Increased to Hold at Zacks Investment Research

Commerzbank (OTCMKTS:CRZBY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, 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 brokerages also recently issued reports on CRZBY. BNP Paribas reissued a “neutral” rating on shares of Commerzbank in a research report on Wednesday, February 27th. Jefferies Financial Group initiated coverage on Commerzbank in a research report on Thursday, May 2nd. They set a “hold” rating on the stock. Finally, ValuEngine downgraded Commerzbank from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold”.

Shares of OTCMKTS:CRZBY opened at $8.07 on Monday. The company has a market cap of $10.11 billion, a P/E ratio of 10.68 and a beta of 1.61. Commerzbank has a 1 year low of $6.22 and a 1 year high of $12.16.

Hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its holdings in shares of Commerzbank by 436.0% in the 4th quarter. Quadrant Capital Group LLC now owns 12,601 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 10,250 shares in the last quarter. Hancock Whitney Corp boosted its holdings in shares of Commerzbank by 7.9% in the 4th quarter. Hancock Whitney Corp now owns 42,923 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 3,127 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Commerzbank by 48.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 2,159,138 shares of the financial services provider’s stock valued at $16,863,000 after purchasing an additional 704,510 shares in the last quarter. 0.13% of the stock is currently owned by hedge funds and other institutional investors.

Commerzbank Company Profile

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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