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

Shares of Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) reached a new 52-week high during trading on Thursday . The stock traded as high as $11.20 and last traded at $11.20, with a volume of 100 shares trading hands. The stock had previously closed at $10.10.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Banco Comercial Portugues Stock Performance

The firm’s fifty day simple moving average is $9.15 and its 200 day simple moving average is $8.36. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $16.93 billion, a price-to-earnings ratio of 12.31 and a beta of 0.26.

Banco Comercial Portugues Company Profile

Banco Comercial Português, SA, a private sector bank, engages in the provision of various banking and financial products and services in Portugal and internationally. It operates through Retail Banking; Companies, Corporate & Investment Banking; Private Banking; Foreign Business; and Other segments.