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.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research report on Thursday. The Goldman Sachs Group raised shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

Banco Comercial Portugues Trading Down 9.7%

The stock’s 50 day moving average price is $10.34 and its two-hundred day moving average price is $9.09. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 11.84 and a beta of 0.25.

Banco Comercial Portugues Company Profile

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.