Banco Comercial Portugues (OTCMKTS:BPCGY) Shares Gap Down – Should You Sell?

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) gapped down before the market opened on Thursday . The stock had previously closed at $11.93, but opened at $10.7750. Banco Comercial Portugues shares last traded at $10.7750, with a volume of 1,000 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Banco Comercial Portugues Trading Down 9.7%

The firm has a 50 day moving average of $10.28 and a 200-day moving average of $9.06. The company has a market cap of $15.95 billion, a P/E ratio of 11.84 and a beta of 0.25.

About Banco Comercial Portugues

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.