Banco Comercial Portugues (OTCMKTS:BPCGY) Downgraded by Zacks Investment Research

Banco Comercial Portugues (OTCMKTS:BPCGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday, 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 opened at $2.18 on Monday. Banco Comercial Portugues has a 1-year low of $1.70 and a 1-year high of $10.43. The stock has a fifty day simple moving average of $2.18 and a 200 day simple moving average of $2.18.

Banco Comercial Portugues Company Profile

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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