Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Up – Still a Buy?

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $12.9950, but opened at $13.70. Banco Comercial Portugues shares last traded at $13.70, with a volume of 1,300 shares trading hands.

Wall Street Analyst Weigh In

BPCGY has been the subject of several analyst reports. 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 report on Wednesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat.com, Banco Comercial Portugues presently has a consensus rating of “Strong Buy”.

Banco Comercial Portugues Stock Down 8.0%

The company’s fifty day moving average is $13.65 and its two-hundred day moving average is $12.19.

About Banco Comercial Portugues

Banco Comercial Português, SA, operating under the Millennium bcp brand, is a Portuguese banking group headquartered in Porto, Portugal. Founded in 1985, the bank provides financial services to individuals, small and medium-sized businesses, large companies, and institutional clients.

Its activities include retail and commercial banking, corporate and investment banking, private banking, consumer finance, mortgage lending, deposits, payment services, insurance distribution, asset management, and other wealth-management services.