Glencore (OTCMKTS:GLNCY) Upgraded at Zacks Research

Zacks Research upgraded shares of Glencore (OTCMKTS:GLNCY) from a strong sell rating to a hold rating in a research report released on Monday,Zacks reports.

A number of other equities research analysts have also weighed in on GLNCY. Royal Bank Of Canada restated an “outperform” rating on shares of Glencore in a research report on Thursday, July 30th. Citigroup reiterated a “buy” rating on shares of Glencore in a research report on Wednesday, August 12th. Barclays restated an “overweight” rating on shares of Glencore in a research report on Tuesday, July 7th. UBS Group upgraded Glencore from a “hold” rating to a “buy” rating in a report on Friday, September 25th. Finally, Freedom Capital downgraded shares of Glencore from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Glencore currently has a consensus rating of “Moderate Buy”.

Glencore Stock Down 1.2%

Shares of OTCMKTS:GLNCY opened at $14.98 on Monday. The company has a fifty day moving average of $15.41 and a 200-day moving average of $15.00. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.77. Glencore has a 52-week low of $8.66 and a 52-week high of $17.05.

Glencore Company Profile

Glencore plc is a diversified natural resources company involved in the production, processing, marketing and distribution of commodities. Its activities span metals and minerals, energy products and agricultural products, serving industrial customers and consumers around the world through a global network of assets, offices and logistics operations.

The company produces and markets commodities including copper, cobalt, nickel, zinc, lead, ferroalloys and coal. It also participates in the marketing and distribution of crude oil, refined petroleum products and other energy-related commodities.