The compression ratio does not change because that's a volume ratio, but it is true that the maximum pressure reached in compression is lower at altitude. Denver is the "mile high city", so the altitude is about 5280 ft. At that elevation, the atmospheric pressure is about .8 atmospheres as given by
http://www.personal.usyd.edu.au/~gerhard/pressure.html . So if your compression tester measures 7.5 bar at sea level, you will see about 6 bar in Denver. Feel free to tell me if I'm not considering something here.