Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Up 5.3% After Analyst Upgrade

Shares of Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) rose 5.3% during mid-day trading on Wednesday after The Goldman Sachs Group upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $13.80 and last traded at $13.80. 266 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 1,600 shares. The stock had previously closed at $13.11.

Separately, Zacks Research raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 9th. Two analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Banco Comercial Portugues Price Performance

The firm has a market cap of $21.60 billion, a price-to-earnings ratio of 16.04 and a beta of 0.39. The firm’s fifty day moving average is $13.63 and its two-hundred day moving average is $12.08.

Banco Comercial Portugues Company Profile

Banco Comercial Português, SA, operating under the Millennium bcp brand, is a Portuguese banking group headquartered in Porto, Portugal. Founded in 1985, it has grown into one of Portugal’s leading private-sector financial institutions and is listed on Euronext Lisbon. The group provides banking and financial services to individuals, businesses, institutions and corporate clients.

Its principal activities include retail and commercial banking, consumer finance, mortgages, business lending, payments, deposits, investment banking, private banking and asset management.