Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Up – Time to Buy?

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $13.35, but opened at $14.1220. Banco Comercial Portugues shares last traded at $14.1220, with a volume of 1,120 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BPCGY shares. Zacks Research upgraded Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 9th. The Goldman Sachs Group lowered Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Banco Comercial Portugues presently has a consensus rating of “Buy”.

Banco Comercial Portugues Price Performance

The stock has a market capitalization of $20.91 billion, a price-to-earnings ratio of 15.52 and a beta of 0.40. The business has a fifty day moving average of $13.09 and a 200 day moving average of $11.50.

About Banco Comercial Portugues

Banco Comercial Português, SA, commonly known as Millennium bcp, is a Portugal-based banking group that provides financial products and services to individuals, businesses and institutional clients. Its offerings include current and savings accounts, consumer and mortgage lending, credit cards, payment services, insurance, investment products and wealth management.

The group also serves corporate and institutional customers through commercial lending, cash management, trade finance, investment banking and capital-markets services.