Commerzbank (OTCMKTS:CRZBY) Upgraded by Royal Bank of Canada to Sector Perform

Royal Bank of Canada upgraded shares of Commerzbank (OTCMKTS:CRZBY) to a sector perform rating in a research report released on Thursday, The Fly reports.

CRZBY has been the subject of a number of other reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded shares of Commerzbank from a buy rating to a neutral rating in a research report on Wednesday, May 19th. Zacks Investment Research raised shares of Commerzbank from a sell rating to a hold rating in a research report on Wednesday, April 14th. Keefe, Bruyette & Woods upgraded shares of Commerzbank from a market perform rating to an outperform rating in a research note on Friday, February 19th. JPMorgan Chase & Co. reiterated a neutral rating on shares of Commerzbank in a research note on Monday, April 26th. Finally, Morgan Stanley upgraded shares of Commerzbank to an equal weight rating in a research note on Monday, May 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Commerzbank currently has an average rating of Hold and a consensus price target of $7.25.

Shares of CRZBY stock opened at $8.12 on Thursday. Commerzbank has a 52-week low of $4.10 and a 52-week high of $8.43. The company has a quick ratio of 15.10, a current ratio of 15.10 and a debt-to-equity ratio of 15.69. The stock has a 50-day moving average price of $7.06. The company has a market cap of $10.17 billion, a P/E ratio of -3.02 and a beta of 1.73.

About Commerzbank

Commerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers, and Corporate Clients. The company offers accounts, commercial payments, payment enabling, clearing and custody, and other services; trade services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services.

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