Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Down – Here’s Why

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $14.98, but opened at $14.00. Banco Comercial Portugues shares last traded at $14.00, with a volume of 126 shares trading hands.

Analyst Upgrades and Downgrades

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

Banco Comercial Portugues Stock Performance

The firm has a fifty day simple moving average of $13.07 and a 200-day simple moving average of $11.48. The firm has a market cap of $20.54 billion, a price-to-earnings ratio of 15.25 and a beta of 0.40.

Banco Comercial Portugues Company Profile

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.