Banco Comercial Portugues (OTCMKTS:BPCGY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Banco Comercial Portugues (OTCMKTS:BPCGY – Get Rating) from a sell rating to a hold rating in a research note released on Tuesday morning, 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 “

Separately, AlphaValue lowered shares of Banco Comercial Portugues to a buy rating in a research note on Tuesday, March 15th.

Shares of BPCGY stock opened at $2.18 on Tuesday. The company has a 50 day moving average price of $2.18 and a 200-day moving average price of $2.18. Banco Comercial Portugues has a 52 week low of $1.70 and a 52 week high of $10.43.

About Banco Comercial Portugues (Get Rating)

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.

Read More