Banco Comercial Portugues (OTCMKTS:BPCGY) Cut to “Hold” at The Goldman Sachs Group

Banco Comercial Portugues (OTCMKTS:BPCGY) was downgraded by stock analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Zacks Research raised shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Banco Comercial Portugues Price Performance

OTCMKTS BPCGY opened at $12.73 on Wednesday. The stock’s 50 day simple moving average is $11.40 and its 200-day simple moving average is $10.57. Banco Comercial Portugues has a 1-year low of $8.40 and a 1-year high of $14.89. The company has a market cap of $18.85 billion, a PE ratio of 13.99 and a beta of 0.38.

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.