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

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by equities 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 0.1 %

NYSE DB opened at $20.13 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.47. The business has a 50 day moving average price of $17.77 and a 200-day moving average price of $16.91. Deutsche Bank Aktiengesellschaft has a 52 week low of $12.43 and a 52 week high of $20.45. The company has a market cap of $40.09 billion, a price-to-earnings ratio of 10.32 and a beta of 1.20.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth $43,000. Activest Wealth Management purchased a new position in Deutsche Bank Aktiengesellschaft during the 4th quarter valued at about $86,000. Allworth Financial LP increased its holdings in Deutsche Bank Aktiengesellschaft by 3,738.1% during the 3rd quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock worth $143,000 after acquiring an additional 8,037 shares during the period. Finally, Legacy Capital Group California Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth $195,000. Institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

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.