Commerzbank (OTCMKTS:CRZBY) Raised to Neutral at UBS Group

Commerzbank (OTCMKTS:CRZBY) was upgraded by equities research analysts at UBS Group to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.

Several other brokerages have also issued reports on CRZBY. Zacks Investment Research upgraded shares of Commerzbank from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Commerzbank from €6.00 ($6.82) to €6.50 ($7.39) and gave the stock a “hold” rating in a research report on Thursday, October 21st. Citigroup upgraded 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. JPMorgan Chase & Co. upgraded shares of Commerzbank to a “neutral” rating and upped their price target for the company from €6.60 ($7.50) to €7.10 ($8.07) in a research report on Monday, November 8th. Finally, Societe Generale dropped their target price on shares of Commerzbank from $5.00 to $4.80 and set a “sell” rating for the company in a report on Thursday, August 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.73.

OTCMKTS CRZBY opened at $7.52 on Wednesday. Commerzbank has a 52-week low of $5.67 and a 52-week high of $8.43. The company has a fifty day moving average of $7.22 and a 200-day moving average of $7.06. The company has a quick ratio of 15.10, a current ratio of 0.97 and a debt-to-equity ratio of 15.69.

A hedge fund recently bought a new stake in Commerzbank stock. Henry James International Management Inc. acquired a new position in Commerzbank AG (OTCMKTS:CRZBY) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,320 shares of the financial services provider’s stock, valued at approximately $87,000. 0.19% of the stock is currently owned by institutional investors and hedge funds.

About Commerzbank

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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