Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Up – Still a Buy?

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) gapped up prior to trading on Tuesday . The stock had previously closed at $9.80, but opened at $10.40. Banco Comercial Portugues shares last traded at $10.7132, with a volume of 900 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Banco Comercial Portugues presently has an average rating of “Strong Buy”.

Banco Comercial Portugues Price Performance

The stock has a 50 day moving average of $9.10 and a 200-day moving average of $8.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $16.19 billion, a PE ratio of 11.77 and a beta of 0.26.

About Banco Comercial Portugues

Banco Comercial Português, SA, a private sector bank, engages in the provision of various banking and financial products and services in Portugal and internationally. It operates through Retail Banking; Companies, Corporate & Investment Banking; Private Banking; Foreign Business; and Other segments.