UBS Group Upgrades Glencore (OTCMKTS:GLNCY) to “Hold”

Glencore (OTCMKTS:GLNCY) was upgraded by stock analysts at UBS Group to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other research firms have also weighed in on GLNCY. Royal Bank Of Canada reiterated an “outperform” rating on shares of Glencore in a report on Wednesday, February 4th. Sanford C. Bernstein downgraded Glencore from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd. Morgan Stanley reiterated an “overweight” rating on shares of Glencore in a report on Wednesday, January 28th. HSBC cut Glencore to a “hold” rating in a research note on Monday, January 26th. Finally, Berenberg Bank raised shares of Glencore from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.30.

Glencore Stock Performance

Shares of Glencore stock opened at $13.55 on Monday. The company’s fifty day moving average price is $11.82 and its two-hundred day moving average price is $9.79. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.15 and a quick ratio of 0.58. Glencore has a 52-week low of $5.74 and a 52-week high of $14.67.

Glencore Company Profile

Glencore is a global natural resources company engaged in the production, processing and marketing of commodities. The business combines large-scale mining and metals operations with an extensive physical commodities trading and marketing platform. Its activities span the full commodity value chain, from extraction and smelting/refining to the commercial distribution of metals and energy products to industrial customers worldwide.

Key product areas include base and precious metals (such as copper, zinc, nickel and related concentrates), bulk commodities and energy products (including thermal coal and oil) and associated value‑added materials and services.