GLENCORE PLC/ADR (OTCMKTS:GLNCY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of GLENCORE PLC/ADR (OTCMKTS:GLNCY) from a sell rating to a hold rating in a 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. “

A number of other brokerages also recently weighed in on GLNCY. BMO Capital Markets downgraded shares of GLENCORE PLC/ADR from an outperform rating to a market perform rating in a report on Wednesday, July 10th. Goldman Sachs Group downgraded shares of GLENCORE PLC/ADR from a neutral rating to a sell rating in a report on Friday, July 19th. UBS Group reissued a neutral rating on shares of GLENCORE PLC/ADR in a report on Friday, June 14th. Finally, JPMorgan Chase & Co. downgraded shares of GLENCORE PLC/ADR from a neutral rating to an underweight rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $8.25.

Shares of OTCMKTS GLNCY opened at $5.43 on Thursday. GLENCORE PLC/ADR has a twelve month low of $5.29 and a twelve month high of $8.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.10 and a quick ratio of 0.59. The firm has a 50-day moving average of $6.39 and a two-hundred day moving average of $7.34.

About GLENCORE PLC/ADR

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.

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