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

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $14.1220, but opened at $13.35. Banco Comercial Portugues shares last traded at $13.35, with a volume of 609 shares traded.

Analyst Upgrades and Downgrades

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

Banco Comercial Portugues Stock Performance

The stock has a 50 day moving average of $13.19 and a 200-day moving average of $11.58. The company has a market cap of $20.33 billion, a PE ratio of 15.09 and a beta of 0.40.

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.