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

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

Separately, The Goldman Sachs Group upgraded Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research 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’s stock. According to data from MarketBeat, Banco Comercial Portugues currently has a consensus rating of “Buy”.

Banco Comercial Portugues Trading Up 2.5%

Banco Comercial Portugues stock opened at $13.16 on Monday. The stock has a 50-day moving average price of $13.40 and a two-hundred day moving average price of $11.68. Banco Comercial Portugues has a 12 month low of $9.09 and a 12 month high of $15.00. The company has a market capitalization of $19.49 billion, a PE ratio of 14.47 and a beta of 0.43.

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.