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

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY)’s stock price 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.

Analyst Ratings Changes

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

Banco Comercial Portugues Trading Up 9.3%

The firm has a market capitalization of $16.19 billion, a PE ratio of 11.77 and a beta of 0.26. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. The company’s 50-day simple moving average is $9.10 and its 200 day simple moving average is $8.32.

Banco Comercial Portugues Company Profile

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.