Commerzbank (OTCMKTS:CRZBY) Downgraded to ‘Neutral’ by Citigroup

Citigroup downgraded the company’s shares Commerzbank (OTCMKTS:CRZBY – Free Report) from a buy rating to a neutral rating, according to the report published on Monday, according to Marketbeat Ratings.

Commerzbank share results

On Monday, the OTCMKTS CRZBY exchange opened at $16.82. The stock has a 50-day moving average price of $15.15 and a 200-day moving average price of $13.11. Commerzbank has a 1-year low of $9.72 and a 1-year high of $17.09. The company’s market capitalization is $20.86 billion, its P/E ratio is 8.67 and its beta is 1.02.

Commerzbank (OTCMKTS:CRZBY – Get Free Report) last published its results on Wednesday, May 15. The financial services provider reported earnings per share of $0.67 for the quarter. Commerzbank had a net margin of 10.27% and a return on equity of 6.77%. As a group, equity analysts predict that Commerzbank will see an EPS of 2.05 for the current fiscal year.

Commerzbank increases its dividend

The company also recently announced a dividend, which was paid on Thursday, May 16. On Friday, May 3, record shareholders received a dividend of $0.2575. The dividend payment date was Thursday, May 2. This is a positive change compared to Commerzbank’s previous dividend of $0.14. Commerzbank’s dividend payout ratio (DPR) is 13.40%.

About Commerzbank

(Get the free report)

Commerzbank AG provides banking and capital market products and services to private and small business clients, corporations, financial service providers and institutional clients in Germany, the rest of Europe, the Americas, Asia and around the world. It operates through two segments: Private and Small Business Clients and Corporate Clients.

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