Banco Comercial Portugues (OTCMKTS:BPCGY) Sets New 1-Year High – Here’s Why

Shares of Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $11.93 and last traded at $11.93, with a volume of 100 shares traded. The stock had previously closed at $10.22.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Banco Comercial Portugues Price Performance

The stock has a market capitalization of $17.66 billion, a P/E ratio of 13.11 and a beta of 0.25. The stock’s fifty day moving average is $10.16 and its two-hundred day moving average is $9.00.

About Banco Comercial Portugues

Banco Comercial Português SA, operating under the Millennium bcp brand, is the largest private banking institution in Portugal. Headquartered in Porto, it offers a broad range of universal banking services to retail, corporate and institutional clients. Core product lines include deposit accounts, consumer and mortgage lending, payment cards and digital banking platforms. The group also provides private banking and wealth management solutions through dedicated advisory centres.

In the corporate segment, Millennium bcp delivers a portfolio of services that spans trade finance, project and structured finance, treasury operations and cash management, alongside specialised lending and structured solutions.