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

Zacks Research lowered shares of Banco Comercial Portugues (OTCMKTS:BPCGY) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

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

Banco Comercial Portugues Price Performance

Banco Comercial Portugues stock opened at $12.47 on Monday. The firm has a market capitalization of $18.47 billion, a price-to-earnings ratio of 13.71 and a beta of 0.38. The company’s 50 day simple moving average is $11.54 and its 200 day simple moving average is $10.60. Banco Comercial Portugues has a fifty-two week low of $8.40 and a fifty-two week 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.