StockNews.com Upgrades Deutsche Bank Aktiengesellschaft (NYSE:DB) to “Buy”

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Deutsche Bank Aktiengesellschaft Trading Up 0.3 %

DB traded up $0.07 during mid-day trading on Tuesday, reaching $20.12. The stock had a trading volume of 1,543,068 shares, compared to its average volume of 1,734,192. The firm’s fifty day simple moving average is $17.70 and its two-hundred day simple moving average is $16.88. The stock has a market capitalization of $40.07 billion, a P/E ratio of 10.32 and a beta of 1.20. Deutsche Bank Aktiengesellschaft has a 52 week low of $12.43 and a 52 week high of $20.19. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.78 and a current ratio of 0.78.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Commerzbank Aktiengesellschaft FI raised its stake in Deutsche Bank Aktiengesellschaft by 31,975.7% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 5,259,492 shares of the bank’s stock valued at $91,042,000 after purchasing an additional 5,275,992 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Deutsche Bank Aktiengesellschaft by 23.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,546,283 shares of the bank’s stock worth $44,042,000 after acquiring an additional 483,788 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Deutsche Bank Aktiengesellschaft by 2.1% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,286,316 shares of the bank’s stock valued at $39,492,000 after purchasing an additional 46,192 shares in the last quarter. Wellington Management Group LLP lifted its stake in Deutsche Bank Aktiengesellschaft by 332.0% during the third quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock worth $37,964,000 after purchasing an additional 1,686,776 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at $28,515,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.