Banco Comercial Portugues (OTCMKTS:BPCGY) Cut to Hold at Zacks Research

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

Separately, The Goldman Sachs Group raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Banco Comercial Portugues currently has a consensus rating of “Buy”.

Banco Comercial Portugues Stock Performance

Shares of OTCMKTS BPCGY opened at $13.16 on Monday. Banco Comercial Portugues has a fifty-two week low of $9.09 and a fifty-two week high of $15.00. The stock has a market cap of $19.49 billion, a price-to-earnings ratio of 14.47 and a beta of 0.43. The firm’s 50-day simple moving average is $13.40 and its 200 day simple moving average is $11.68.

About Banco Comercial Portugues

Banco Comercial Português, commonly known as Millennium bcp, is a Portuguese banking group serving individuals, businesses and institutional clients. Its services include deposit accounts, consumer and mortgage lending, payment cards, money transfers, investment and wealth management, and corporate and investment banking. Founded in 1985, the group operates primarily in Portugal. Its international activities include Poland, where it operates through Bank Millennium, and Mozambique, where it has a stake in Banco Comercial e de Investimentos.