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

Shares of Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) hit a new 52-week high during trading on Monday . The stock traded as high as $15.00 and last traded at $13.50, with a volume of 440 shares. The stock had previously closed at $14.00.

Analyst Ratings Changes

BPCGY has been the topic of several research analyst reports. Zacks Research raised shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 9th. The Goldman Sachs Group cut Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

Banco Comercial Portugues Trading Down 3.6%

The firm has a market cap of $19.99 billion, a price-to-earnings ratio of 14.84 and a beta of 0.40. The firm’s 50 day simple moving average is $12.96 and its two-hundred day simple moving average is $11.36.

About Banco Comercial Portugues

Banco Comercial Português, SA, commonly known as Millennium bcp, is a Portugal-based banking group that provides financial products and services to individuals, businesses and institutional clients. Its offerings include current and savings accounts, consumer and mortgage lending, credit cards, payment services, insurance, investment products and wealth management.

The group also serves corporate and institutional customers through commercial lending, cash management, trade finance, investment banking and capital-markets services.