Glencore (OTCMKTS:GLNCY) Raised to Hold at Zacks Research

Glencore (OTCMKTS:GLNCY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday, Zacks reports.

Several other research firms also recently commented on GLNCY. Freedom Broker downgraded shares of Glencore from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, September 3rd. Barclays reissued an “overweight” rating on shares of Glencore in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Glencore in a research note on Thursday, July 2nd. Morgan Stanley restated an “overweight” rating on shares of Glencore in a report on Monday, August 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Glencore in a research note on Thursday, July 30th. 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 assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $9.30.

Glencore Trading Up 0.6%

Glencore stock opened at $15.16 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.77. The firm’s 50 day moving average price is $15.39 and its 200-day moving average price is $14.99. Glencore has a 1 year low of $8.66 and a 1 year 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.