Commerzbank (OTCMKTS: CRZBY) raised to “buy” from Zacks Investment Research

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Commerzbank (OTCMKTS: CRZBY) has been improved by Zacks investment research from a “keep” note to a “buy” note in a research note published on Wednesday, Zacks.com reports. The company currently has a target price of $ 7.75 on shares of the financial services provider. Zacks investment researchThe company’s target price suggests a potential rise of 14.31% from the company’s previous close.

According to Zacks, “COMMERZBANK AG is involved in the financial services industry. Their main activities are the provision of banking services, operating through the following divisions: group management and services, national bank branches, international finance and investment banking.

A number of other equity research analysts have also weighed on CRZBY recently. JPMorgan Chase & Co. reaffirmed a “neutral” rating on Commerzbank shares in a research report on Monday April 26. Citigroup downgraded Commerzbank from a “buy” rating to a “neutral” rating in a Wednesday May 19 research note. Citigroup Inc. The Russell-based minimum 3% coupon principal changed Commerzbank from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 19. Morgan Stanley elevated Commerzbank to an “equal weight” rating in a research note on Monday, May 17. Finally, the UBS Group noted Commerzbank to a “sell” note in a research note on Monday, May 24. Two investment analysts gave the stock a sell rating, nine assigned a conservation rating and two gave the company a buy rating. The company has a consensus rating of “Hold” and an average target price of $ 7.75.

Shares of CRZBY traded down $ 0.14 on Wednesday, reaching $ 6.78. The company’s shares had a trading volume of 37,974 shares, compared to its average volume of 35,292. The company has a debt-to-equity ratio of 15.69, a current ratio of 15.10 and a rapid ratio of 15.10. Commerzbank has a 12 month low of $ 4.62 and a 12 month high of $ 8.43. The company has a market cap of $ 8.49 billion, a P / E ratio of -2.52 and a beta of 1.69. The company has a 50-day simple moving average of $ 7.56.

Commerzbank (OTCMKTS: CRZBY) last released its quarterly profit data on Wednesday, May 12. The financial services provider reported earnings per share (EPS) of $ 0.13 for the quarter. Commerzbank recorded a negative return on equity of 7.91% and a negative net margin of 21.24%. The company posted revenue of $ 2.60 billion for the quarter. On average, analysts expect Commerzbank to post -0.29 earnings per share for the current fiscal year.

About Commerzbank

Commerzbank AG provides banking and capital market services to private and small business clients, multinational groups, financial service providers and institutional clients worldwide. It operates through two segments, private clients and small business and corporate clients. The company offers accounts, trade payments, payment, clearing and custody services, and other services; business services, including document collection, letters of credit, guarantees, trade facilitation, supply chain finance, buyer credit and package services; and bilateral loans, club agreements, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments and Islamic finance services.

Further Reading: Why is a Lock-In Period Necessary for an IPO?

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Analyst Recommendations for Commerzbank (OTCMKTS: CRZBY)

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