GLENCORE PLC/ADR (OTCMKTS:GLNCY) Upgraded to Hold 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 research report sent to investors on Wednesday, 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. “

Several other brokerages have also recently commented on GLNCY. Goldman Sachs Group cut shares of GLENCORE PLC/ADR from a buy rating to a neutral rating in a research note on Thursday, April 11th. Royal Bank of Canada cut shares of GLENCORE PLC/ADR from an outperform rating to a sector perform rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $8.25.

OTCMKTS:GLNCY opened at $6.77 on Wednesday. The company has a market cap of $49.33 billion, a price-to-earnings ratio of 10.58 and a beta of 1.85. GLENCORE PLC/ADR has a twelve month low of $6.31 and a twelve month high of $10.63. The company has a current ratio of 1.10, a quick ratio of 0.59 and a debt-to-equity ratio of 0.59.

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

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