Banco Comercial Portugues (OTCMKTS:BPCGY) Stock Jumps 8.5% – Time to Buy?

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) shares were up 8.5% during trading on Tuesday. The company traded as high as $13.13 and last traded at $13.13. Approximately 893 shares changed hands during trading, a decline of 53% from the average session volume of 1,888 shares. The stock had previously closed at $12.1050.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BPCGY. The Goldman Sachs Group raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 14th. Zacks Research raised Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, Banco Comercial Portugues has an average rating of “Strong Buy”.

Banco Comercial Portugues Trading Up 2.2%

The firm has a market capitalization of $19.44 billion, a PE ratio of 14.43 and a beta of 0.43. The stock’s 50 day moving average price is $13.41 and its two-hundred day moving average price is $11.66.

About Banco Comercial Portugues

Banco Comercial Português, commonly known as Millennium bcp, is a Portuguese banking group serving individuals, businesses and institutional clients. Its services include deposit accounts, consumer and mortgage lending, payment cards, money transfers, investment and wealth management, and corporate and investment banking. Founded in 1985, the group operates primarily in Portugal. Its international activities include Poland, where it operates through Bank Millennium, and Mozambique, where it has a stake in Banco Comercial e de Investimentos.