Banco Comercial Portugues (OTCMKTS:BPCGY) Rating Lowered to “Hold” at Zacks Research

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

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

Banco Comercial Portugues Trading Up 2.5%

OTCMKTS BPCGY opened at $13.16 on Monday. The stock has a market capitalization of $19.49 billion, a price-to-earnings ratio of 14.47 and a beta of 0.43. Banco Comercial Portugues has a twelve month low of $9.09 and a twelve month high of $15.00. The stock has a 50-day moving average of $13.40 and a 200 day moving average of $11.68.

Banco Comercial Portugues Company Profile

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.