Banco Comercial Portugues (OTCMKTS:BPCGY) Stock Rating Raised to Strong-Buy at The Goldman Sachs Group

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

Separately, Zacks Research raised shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 9th. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Banco Comercial Portugues Stock Up 5.7%

Shares of BPCGY opened at $14.59 on Wednesday. The firm’s 50 day moving average price is $13.63 and its 200 day moving average price is $12.08. Banco Comercial Portugues has a twelve month low of $8.71 and a twelve month high of $15.00.

About Banco Comercial Portugues

Banco Comercial Português, SA, operating under the Millennium bcp brand, is a Portuguese banking group headquartered in Porto, Portugal. Founded in 1985, it has grown into one of Portugal’s leading private-sector financial institutions and is listed on Euronext Lisbon. The group provides banking and financial services to individuals, businesses, institutions and corporate clients.

Its principal activities include retail and commercial banking, consumer finance, mortgages, business lending, payments, deposits, investment banking, private banking and asset management.