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

Banco Comercial Portugues (OTCMKTS:BPCGY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, The Goldman Sachs Group raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Banco Comercial Portugues has a consensus rating of “Strong Buy”.

Banco Comercial Portugues Stock Down 9.7%

Shares of BPCGY opened at $10.78 on Thursday. The stock has a market capitalization of $15.95 billion, a P/E ratio of 11.84 and a beta of 0.25. Banco Comercial Portugues has a twelve month low of $5.21 and a twelve month high of $11.93. The company has a 50 day moving average of $10.34 and a 200-day moving average of $9.09.

About Banco Comercial Portugues

Banco Comercial Português SA, operating under the Millennium bcp brand, is the largest private banking institution in Portugal. Headquartered in Porto, it offers a broad range of universal banking services to retail, corporate and institutional clients. Core product lines include deposit accounts, consumer and mortgage lending, payment cards and digital banking platforms. The group also provides private banking and wealth management solutions through dedicated advisory centres.

In the corporate segment, Millennium bcp delivers a portfolio of services that spans trade finance, project and structured finance, treasury operations and cash management, alongside specialised lending and structured solutions.