Glencore PLC (OTCMKTS:GLNCY) Upgraded at Zacks Investment Research
Glencore PLC (OTCMKTS:GLNCY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
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. “
Separately, Bank of America Corporation downgraded shares of Glencore PLC from a “buy” rating to a “neutral” rating in a research report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $8.25.
Glencore PLC (OTCMKTS GLNCY) traded down 0.894% during midday trading on Tuesday, hitting $8.315. The stock had a trading volume of 356,969 shares. Glencore PLC has a 52-week low of $4.43 and a 52-week high of $8.62. The firm has a market capitalization of $59.25 billion, a P/E ratio of 42.861 and a beta of 2.03. The firm has a 50-day moving average of $7.50 and a 200 day moving average of $7.71.
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