Banco Comercial Portugues (OTCMKTS:BPCGY) Stock Price Up 8.1% – Time to Buy?

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY)’s share price was up 8.1% during mid-day trading on Friday. The company traded as high as $13.40 and last traded at $13.40. Approximately 237 shares traded hands during trading, a decline of 88% from the average daily volume of 1,932 shares. The stock had previously closed at $12.40.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BPCGY shares. The Goldman Sachs Group raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 14th. Zacks Research raised shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

Banco Comercial Portugues Stock Performance

The company has a market capitalization of $19.84 billion, a price-to-earnings ratio of 14.73 and a beta of 0.40. The company has a fifty day simple moving average of $13.52 and a two-hundred day simple moving average of $11.59.

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.