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

Shares of Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGYGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $12.2750, but opened at $13.74. Banco Comercial Portugues shares last traded at $13.3840, with a volume of 660 shares trading hands.

Analyst Ratings Changes

BPCGY has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. The Goldman Sachs Group cut shares of Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

View Our Latest Research Report on BPCGY

Banco Comercial Portugues Price Performance

The company has a fifty day moving average price of $11.79 and a 200 day moving average price of $10.67. The stock has a market cap of $19.81 billion, a P/E ratio of 14.71 and a beta of 0.38.

About Banco Comercial Portugues

(Get Free Report)

Banco Comercial Português SA, operating under the Millennium bcp brand, is the largest private banking institution in Portugal. Headquartered in Porto, it offers a broad range of universal banking services to retail, corporate and institutional clients. Core product lines include deposit accounts, consumer and mortgage lending, payment cards and digital banking platforms. The group also provides private banking and wealth management solutions through dedicated advisory centres.

In the corporate segment, Millennium bcp delivers a portfolio of services that spans trade finance, project and structured finance, treasury operations and cash management, alongside specialised lending and structured solutions.

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