Banco Comercial Portugues (OTCMKTS:BPCGY) Rating Increased 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 released on Thursday,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Banco Comercial Portugues Stock Down 9.7%

Shares of OTCMKTS BPCGY opened at $10.78 on Thursday. The stock has a market capitalization of $15.95 billion, a PE ratio of 11.84 and a beta of 0.25. The firm has a fifty day moving average of $10.34 and a 200-day moving average of $9.09. Banco Comercial Portugues has a 52-week low of $5.21 and a 52-week high of $11.93.

Banco Comercial Portugues Company Profile

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.