Banco Comercial Português (OTCMKTS:BPCGF) Shares Up 7.2% – Time to Buy?

Shares of Banco Comercial Português, S.A. (OTCMKTS:BPCGFGet Free Report) shot up 7.2% during mid-day trading on Monday . The stock traded as high as $0.96 and last traded at $0.96. 101 shares changed hands during trading, a decline of 97% from the average session volume of 2,910 shares. The stock had previously closed at $0.8954.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “neutral” rating on shares of Banco Comercial Português in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Banco Comercial Português currently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on Banco Comercial Português

Banco Comercial Português Stock Performance

The business has a 50-day simple moving average of $0.91 and a two-hundred day simple moving average of $0.86.

Banco Comercial Português Company Profile

(Get Free Report)

Banco Comercial Português, SA operates as the largest private sector bank in Portugal, conducting a broad range of banking activities under the brand Millennium bcp. The bank serves individual customers, small and medium-sized enterprises and large corporate clients through a network of branches, online channels and partner points of sale. Its core services include deposit accounts, consumer and mortgage lending, payment cards and electronic banking.

Founded in 1985 during the privatization of state-owned banking assets, Banco Comercial Português has expanded beyond its domestic market.

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