Banco Comercial Portugues (OTCMKTS:BPCGY) Downgraded by Zacks Research to Hold

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

Separately, The Goldman Sachs Group lowered Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Banco Comercial Portugues Price Performance

Shares of OTCMKTS:BPCGY opened at $12.47 on Monday. The firm has a 50 day simple moving average of $11.54 and a 200 day simple moving average of $10.60. The company has a market cap of $18.47 billion, a price-to-earnings ratio of 13.71 and a beta of 0.38. Banco Comercial Portugues has a one year low of $8.40 and a one year high of $14.89.

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.