Banco Comercial Portugues (OTCMKTS:BPCGY) Stock Rating Upgraded by Zacks Investment Research

Banco Comercial Portugues (OTCMKTS:BPCGYGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Zacks.com reports. The firm presently has a $3.50 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 60.55% from the company’s current price.

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 downgraded Banco Comercial Portugues to a “buy” rating in a research report on Tuesday, March 15th.

Shares of BPCGY stock remained flat at $$2.18 during trading on Wednesday. Banco Comercial Portugues has a 12 month low of $1.70 and a 12 month high of $10.43. The stock has a 50-day moving average of $2.18 and a two-hundred day moving average of $2.18.

Banco Comercial Portugues Company Profile (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.

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