Banco Comercial Portugues (OTCMKTS:BPCGY) Upgraded by Zacks Research to “Strong-Buy” Rating

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 to clients and investors on Wednesday, Zacks reports.

Separately, The Goldman Sachs Group downgraded Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Banco Comercial Portugues Trading Up 1.1%

Shares of BPCGY opened at $14.00 on Wednesday. The firm’s fifty day simple moving average is $12.92 and its two-hundred day simple moving average is $11.33. Banco Comercial Portugues has a 12 month low of $8.40 and a 12 month high of $14.89. The stock has a market capitalization of $20.73 billion, a P/E ratio of 15.38 and a beta of 0.40.

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.