Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Up – Should You Buy?

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $13.90, but opened at $14.75. Banco Comercial Portugues shares last traded at $14.75, with a volume of 755 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Zacks Research raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 9th. The Goldman Sachs Group downgraded Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Banco Comercial Portugues Stock Performance

The stock’s fifty day moving average is $13.37 and its 200 day moving average is $11.74. The stock has a market cap of $21.84 billion, a P/E ratio of 16.21 and a beta of 0.40.

Banco Comercial Portugues Company Profile

Banco Comercial Português, SA, operating under the Millennium bcp brand, is a Portuguese banking group headquartered in Porto, Portugal. Founded in 1985, it has grown into one of Portugal’s leading private-sector financial institutions and is listed on Euronext Lisbon. The group provides banking and financial services to individuals, businesses, institutions and corporate clients.

Its principal activities include retail and commercial banking, consumer finance, mortgages, business lending, payments, deposits, investment banking, private banking and asset management.