Glencore (OTCMKTS:GLNCY) Upgraded at UBS Group

UBS Group upgraded shares of Glencore (OTCMKTS:GLNCY) to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other brokerages have also issued reports on GLNCY. HSBC lowered Glencore to a “hold” rating in a report on Monday, January 26th. Morgan Stanley reissued an “overweight” rating on shares of Glencore in a research report on Wednesday, January 28th. Royal Bank Of Canada restated an “outperform” rating on shares of Glencore in a report on Wednesday, February 4th. Barclays reaffirmed an “overweight” rating on shares of Glencore in a research note on Monday, December 8th. Finally, Sanford C. Bernstein downgraded shares of Glencore from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.30.

Glencore Stock Up 1.0%

OTCMKTS GLNCY opened at $13.69 on Monday. Glencore has a 1-year low of $5.74 and a 1-year high of $14.67. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 0.87. The firm’s fifty day simple moving average is $11.89 and its 200-day simple moving average is $9.82.

Glencore Company Profile

Glencore is a global natural resources company engaged in the production, processing and marketing of commodities. The business combines large-scale mining and metals operations with an extensive physical commodities trading and marketing platform. Its activities span the full commodity value chain, from extraction and smelting/refining to the commercial distribution of metals and energy products to industrial customers worldwide.

Key product areas include base and precious metals (such as copper, zinc, nickel and related concentrates), bulk commodities and energy products (including thermal coal and oil) and associated value‑added materials and services.