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

StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a hold rating to a buy rating in a report published on Tuesday.

Deutsche Bank Aktiengesellschaft Stock Up 0.3 %

Shares of NYSE:DB opened at $20.12 on Tuesday. The stock has a 50-day simple moving average of $17.70 and a 200-day simple moving average of $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 1 year low of $12.43 and a 1 year 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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Activest Wealth Management acquired a new stake in Deutsche Bank Aktiengesellschaft in the fourth quarter valued at approximately $86,000. Exane Asset Management acquired a new stake in Deutsche Bank Aktiengesellschaft during the 4th quarter valued at $206,000. Bleakley Financial Group LLC increased its stake in Deutsche Bank Aktiengesellschaft by 9.3% during the 4th quarter. Bleakley Financial Group LLC now owns 11,607 shares of the bank’s stock worth $198,000 after buying an additional 990 shares during the period. Choreo LLC boosted its position in Deutsche Bank Aktiengesellschaft by 17.6% in the 4th quarter. Choreo LLC now owns 19,359 shares of the bank’s stock valued at $331,000 after buying an additional 2,902 shares during the last quarter. Finally, Custom Index Systems LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $215,000. Institutional investors and hedge funds 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.