Banco Comercial Portugues (OTCMKTS:BPCGY) Sees Large Volume Increase – Here’s Why

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY) shares saw strong trading volume on Monday . 2,575 shares were traded during trading, an increase of 8% from the previous session’s volume of 2,375 shares.The stock last traded at $11.72 and had previously closed at $11.93.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Zacks Research raised shares of Banco Comercial Portugues from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th. 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 investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Banco Comercial Portugues presently has an average rating of “Strong Buy”.

Banco Comercial Portugues Price Performance

The stock has a market cap of $16.31 billion, a P/E ratio of 12.10 and a beta of 0.25. The company has a fifty day moving average of $10.45 and a 200 day moving average of $9.18.

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.