Banco Comercial Portugues (OTCMKTS:BPCGY) Rating Lowered to Hold at The Goldman Sachs Group

Banco Comercial Portugues (OTCMKTS:BPCGY) was downgraded by The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Zacks Research upgraded shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Banco Comercial Portugues has an average rating of “Buy”.

Banco Comercial Portugues Stock Performance

Shares of BPCGY opened at $12.73 on Wednesday. The stock has a market capitalization of $18.85 billion, a P/E ratio of 13.99 and a beta of 0.38. Banco Comercial Portugues has a 1 year low of $8.40 and a 1 year high of $14.89. The company’s fifty day moving average is $11.40 and its two-hundred day moving average is $10.57.

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.