Glencore (OTCMKTS:GLNCY) Upgraded to “Hold” at Zacks Research

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

GLNCY has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Glencore in a research report on Thursday, July 2nd. Morgan Stanley reissued an “overweight” rating on shares of Glencore in a research note on Monday, August 24th. Barclays reaffirmed an “overweight” rating on shares of Glencore in a report on Tuesday, July 7th. Freedom Broker downgraded shares of Glencore from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, September 3rd. Finally, The Goldman Sachs Group raised shares of Glencore from a “hold” rating to a “buy” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Glencore currently has an average rating of “Moderate Buy” and a consensus price target of $9.30.

Glencore Stock Up 0.6%

Glencore stock opened at $15.16 on Monday. The stock has a 50 day moving average of $15.39 and a two-hundred day moving average of $14.99. Glencore has a twelve month low of $8.66 and a twelve month high of $17.05. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.77.

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.