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

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) shares gapped up before the market opened on Monday. The stock had previously closed at $11.68, but opened at $12.3134. Banco Comercial Portugues shares last traded at $12.2750, with a volume of 593 shares changing hands.

Analyst Ratings Changes

Several brokerages have commented on BPCGY. Zacks Research upgraded Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 9th. The Goldman Sachs Group raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat, Banco Comercial Portugues presently has an average rating of “Strong Buy”.

Banco Comercial Portugues Price Performance

The company has a market cap of $18.36 billion, a PE ratio of 13.63 and a beta of 0.39. The company has a 50-day moving average of $13.54 and a 200 day moving average of $11.56.

About Banco Comercial Portugues

Banco Comercial Português, SA, operating under the Millennium bcp brand, is a Portuguese banking group headquartered in Porto, Portugal. Founded in 1985, the bank provides financial services to individuals, small and medium-sized businesses, large companies, and institutional clients.

Its activities include retail and commercial banking, corporate and investment banking, private banking, consumer finance, mortgage lending, deposits, payment services, insurance distribution, asset management, and other wealth-management services.