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

Zacks Research upgraded shares of Banco Comercial Portugues (OTCMKTS:BPCGY) from a hold rating to a strong-buy rating in a research note published on Wednesday,Zacks reports.

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

Banco Comercial Portugues Trading Up 1.1%

Shares of BPCGY opened at $14.00 on Wednesday. The stock’s 50 day moving average is $12.92 and its two-hundred day moving average is $11.33. Banco Comercial Portugues has a twelve month low of $8.40 and a twelve month high of $14.89. The firm has a market capitalization of $20.73 billion, a PE ratio of 15.38 and a beta of 0.40.

About Banco Comercial Portugues

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.