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

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $15.00 and last traded at $13.50, with a volume of 440 shares changing hands. The stock had previously closed at $14.00.

Wall Street Analyst Weigh In

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

Banco Comercial Portugues Trading Down 3.6%

The firm has a market capitalization of $19.99 billion, a price-to-earnings ratio of 14.84 and a beta of 0.40. The company’s 50 day moving average is $12.96 and its 200-day moving average is $11.36.

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.