Banco Comercial Portugues (OTCMKTS:BPCGY) Sets New 1-Year High - Should You Buy?

Key Points

• Banco Comercial Portugues shares reached a new 52-week high of $9.33 during trading, reflecting a significant increase from the previous close of $8.40.
• Goldman Sachs has upgraded the stock to a "hold" rating, with analysts currently assigning an average rating of "Buy."
• The company's current financial ratios indicate stability, with a debt-to-equity ratio of 0.60 and a current ratio of 1.17, suggesting solid operational performance.

Banco Comercial Portugues S.A. Unsponsored ADR (OTCMKTS:BPCGY - Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as $9.33 and last traded at $9.33, with a volume of 100 shares. The stock had previously closed at $8.40.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Banco Comercial Portugues to a "hold" rating in a report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy".

Banco Comercial Portugues Trading Up 11.1%

The company has a 50-day simple moving average of $8.25 and a two-hundred day simple moving average of $7.33. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60.

About Banco Comercial Portugues

Banco Comercial Português, SA, a private sector bank, engages in the provision of various banking and financial products and services in Portugal and internationally. It operates through Retail Banking; Companies, Corporate & Investment Banking; Private Banking; Foreign Business; and Other segments.

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