Zacks Investment Research upgraded shares of GLENCORE PLC/ADR (OTCMKTS:GLNCY) from a sell rating to a hold rating in a research report report published on Thursday, Zacks.com reports.

According to Zacks, “Glencore Plc operates as a diversified natural resource company. It operates in three groups: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in mining, smelting, refining, and warehousing copper, nickel, zinc/lead, alloys, alumina/aluminum and iron ore. The Energy Products segment includes controlled and non-controlled coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities. The Agricultural Products segment focuses on grains, oils/oilseeds, cotton and sugar. The Company’s operations consist of mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities. It is a producer and marketer of commodities, such as mobile phones, bicycles, cutlery, plastics and electricity. Glencore Plc, formerly known as Glencore Xstrata PLC, is headquartered in Baar, Switzerland. “

GLNCY has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded GLENCORE PLC/ADR from a neutral rating to an underweight rating in a report on Wednesday, August 14th. BMO Capital Markets cut GLENCORE PLC/ADR from an outperform rating to a market perform rating in a research report on Wednesday, July 10th. UBS Group restated a neutral rating on shares of GLENCORE PLC/ADR in a research report on Friday, June 14th. Finally, Goldman Sachs Group cut GLENCORE PLC/ADR from a neutral rating to a sell rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $8.25.

GLENCORE PLC/ADR stock opened at $5.43 on Thursday. GLENCORE PLC/ADR has a one year low of $5.29 and a one year high of $8.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.59 and a current ratio of 1.10. The business has a fifty day moving average of $6.39 and a two-hundred day moving average of $7.34. The company has a market cap of $38.43 billion, a P/E ratio of 8.48 and a beta of 1.86.

GLENCORE PLC/ADR Company Profile

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

Featured Story: Green Investing

Get a free copy of the Zacks research report on GLENCORE PLC/ADR (GLNCY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for GLENCORE PLC/ADR (OTCMKTS:GLNCY)

Receive News & Ratings for GLENCORE PLC/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GLENCORE PLC/ADR and related companies with MarketBeat.com's FREE daily email newsletter.