Banco Comercial Portugues (OTCMKTS:BPCGY) Reaches New 1-Year High – Time to Buy?

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY)’s stock price reached a new 52-week high on Monday . The stock traded as high as $15.00 and last traded at $13.50, with a volume of 440 shares changing hands. The stock had previously closed at $14.00.

Analyst Upgrades and Downgrades

BPCGY has been the topic of a number of research reports. The Goldman Sachs Group downgraded shares of Banco Comercial Portugues from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Zacks Research raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Banco Comercial Portugues Trading Up 11.0%

The firm has a market cap of $22.18 billion, a price-to-earnings ratio of 16.46 and a beta of 0.40. The stock has a 50-day moving average of $13.03 and a two-hundred day moving average of $11.42.

About Banco Comercial Portugues

Banco Comercial Português, SA, commonly known as Millennium bcp, is a Portugal-based banking group that provides financial products and services to individuals, businesses and institutional clients. Its offerings include current and savings accounts, consumer and mortgage lending, credit cards, payment services, insurance, investment products and wealth management.

The group also serves corporate and institutional customers through commercial lending, cash management, trade finance, investment banking and capital-markets services.