Banco Comercial Portugues (OTCMKTS:BPCGY) Stock Jumps 8.5% – Time to Buy?

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) rose 8.5% during mid-day trading on Tuesday. The stock traded as high as $13.13 and last traded at $13.13. Approximately 893 shares were traded during trading, a decline of 53% from the average session volume of 1,888 shares. The stock had previously closed at $12.1050.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BPCGY shares. 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 upgraded Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Banco Comercial Portugues Price Performance

The company’s 50 day moving average is $13.41 and its 200 day moving average is $11.66. The stock has a market cap of $19.44 billion, a price-to-earnings ratio of 14.43 and a beta of 0.43.

About Banco Comercial Portugues

Banco Comercial Português, commonly known as Millennium bcp, is a Portuguese banking group serving individuals, businesses and institutional clients. Its services include deposit accounts, consumer and mortgage lending, payment cards, money transfers, investment and wealth management, and corporate and investment banking. Founded in 1985, the group operates primarily in Portugal. Its international activities include Poland, where it operates through Bank Millennium, and Mozambique, where it has a stake in Banco Comercial e de Investimentos.