Becle (OTCMKTS:BCCLF) Trading Up 10.6% – What’s Next?

Becle, S.A.B. de C.V. (OTCMKTS:BCCLF) shot up 10.6% on Thursday . The company traded as high as $1.25 and last traded at $1.25. 2,029 shares were traded during mid-day trading, a decline of 95% from the average session volume of 39,451 shares. The stock had previously closed at $1.13.

Analysts Set New Price Targets

BCCLF has been the topic of several research analyst reports. Santander upgraded Becle to an “outperform” rating in a research note on Thursday, December 11th. Barclays raised shares of Becle to an “overweight” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Becle has an average rating of “Buy”.

Becle Trading Up 10.6%

The business has a 50-day moving average price of $1.18 and a two-hundred day moving average price of $1.18.

Becle Company Profile

Becle, SAB. de C.V. (OTCMKTS:BCCLF) is a Mexican beverage company and the world’s leading producer of tequila. Through its principal subsidiary, Tequila Cuervo, the company engages in the distillation, aging, bottling and distribution of a portfolio of tequila and spirits brands. Its flagship products include the internationally recognized José Cuervo line of tequilas, alongside premium and super-premium offerings aimed at both on- and off-trade channels.

Founded on the foundations of the first licensed tequila distillery in Tequila, Jalisco, dating back to the 18th century, Becle has evolved into a multinational group with operations spanning Mexico, the United States and more than 90 countries worldwide.