Banco Comercial Portugues (OTCMKTS:BPCGY) Sees Strong Trading Volume on Analyst Upgrade

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) saw an uptick in trading volume on Thursday after The Goldman Sachs Group upgraded the stock from a hold rating to a strong-buy rating. 4,772 shares traded hands during mid-day trading, an increase of 206% from the previous session’s volume of 1,559 shares. The stock last traded at $14.5925 and had previously closed at $13.80.

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

Banco Comercial Portugues Stock Down 4.1%

The firm has a market capitalization of $20.73 billion, a price-to-earnings ratio of 15.38 and a beta of 0.39. The stock has a 50 day moving average of $13.65 and a 200 day moving average of $12.09.

About Banco Comercial Portugues

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.