Zacks Investment Research Downgrades Bco Com Portugues (OTCMKTS:BPCGY) to Sell

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Bco Com Portugues (OTCMKTS:BPCGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Banco Comercial Portugues SA provides banking activities and financial services. Its operating segment consists of Retail Banking segment activity includes the Retail activity of Banco Comercial Portuguas in Portugal, operating as a distribution channel for products and services from other companies of the Group and the Foreign business segment. Corporate & Investment Banking segment includes corporate network in Portugal, specialized monitoring division, investment banking unit and activity of the Bank’s international division. Private Banking and Asset Management segment comprises the private banking network in Portugal and subsidiary companies which are specialized in the asset management business. Non-core Business Portfolio segment includes the business granted for securities-backed landing, loans collateralized with other assets, subsidized mortgage loans, construction subcontractors. Foreign Business segment comprises the operations outside Portugal, in particular Poland, Mozambique, Angola, Cayman Isl “

OTCMKTS:BPCGY remained flat at $$2.18 during midday trading on Wednesday. The company had a trading volume of 1 shares, compared to its average volume of 0. Bco Com Portugues has a 52 week low of $1.70 and a 52 week high of $10.43. The business has a 50 day moving average of $2.18.

Read More: Depreciation

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