Zacks Research Upgrades Banco Comercial Portugues (OTCMKTS:BPCGY) to Strong-Buy

Banco Comercial Portugues (OTCMKTS:BPCGY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday, Zacks reports.

Separately, The Goldman Sachs Group lowered shares of Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Banco Comercial Portugues Price Performance

Shares of OTCMKTS:BPCGY opened at $14.00 on Wednesday. The company’s fifty day moving average price is $12.92 and its 200-day moving average price is $11.33. The firm has a market capitalization of $20.73 billion, a price-to-earnings ratio of 15.38 and a beta of 0.40. Banco Comercial Portugues has a one year low of $8.40 and a one year high of $14.89.

Banco Comercial Portugues Company Profile

Banco Comercial Português, SA, commonly known as Millennium bcp, is a Portugal-based banking group that provides financial products and services to individuals, businesses and institutional clients. Its offerings include current and savings accounts, consumer and mortgage lending, credit cards, payment services, insurance, investment products and wealth management.

The group also serves corporate and institutional customers through commercial lending, cash management, trade finance, investment banking and capital-markets services.