Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $12.1050, but opened at $12.91. Banco Comercial Portugues shares last traded at $12.91, with a volume of 708 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. 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 Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 9th. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.
Check Out Our Latest Analysis on Banco Comercial Portugues
Banco Comercial Portugues Trading Up 11.0%
The firm has a fifty day simple moving average of $13.41 and a 200 day simple moving average of $11.65. The stock has a market cap of $19.89 billion, a price-to-earnings ratio of 14.76 and a beta of 0.43.
Banco Comercial Portugues Company Profile
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.
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