Banco Comercial Portugues (OTCMKTS:BPCGY) Upgraded to “Strong-Buy” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Banco Comercial Portugues (OTCMKTS:BPCGY) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks reports.

Separately, Zacks Research upgraded 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 data from MarketBeat, Banco Comercial Portugues has an average rating of “Strong Buy”.

Banco Comercial Portugues Stock Up 5.7%

Shares of BPCGY opened at $14.59 on Wednesday. Banco Comercial Portugues has a twelve month low of $8.71 and a twelve month high of $15.00. The stock has a market cap of $21.60 billion, a PE ratio of 16.04 and a beta of 0.39. The business’s 50-day moving average price is $13.63 and its 200-day moving average price is $12.08.

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.