Banco Comercial Portugues (OTCMKTS:BPCGY) Stock Rating Upgraded by The Goldman Sachs Group

Banco Comercial Portugues (OTCMKTS:BPCGY) was upgraded by equities researchers at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a note issued to 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 equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the company has an average rating of “Strong Buy”.

Banco Comercial Portugues Price Performance

OTCMKTS BPCGY opened at $14.59 on Wednesday. The company has a 50 day simple moving average of $13.63 and a 200-day simple moving average of $12.08. The firm has a market capitalization of $21.60 billion, a price-to-earnings ratio of 16.04 and a beta of 0.39. Banco Comercial Portugues has a 52-week low of $8.71 and a 52-week 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.