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

The Goldman Sachs Group cut shares of Banco Comercial Portugues (OTCMKTS:BPCGY) from a strong-buy rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

Separately, Zacks Research raised shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Banco Comercial Portugues currently has a consensus rating of “Buy”.

Banco Comercial Portugues Price Performance

Shares of OTCMKTS:BPCGY opened at $12.73 on Wednesday. The firm has a market cap of $18.85 billion, a P/E ratio of 13.99 and a beta of 0.38. Banco Comercial Portugues has a 12 month low of $8.40 and a 12 month high of $14.89. The company’s 50-day moving average price is $11.40 and its two-hundred day moving average price is $10.57.

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.