Glencore (OTCMKTS:GLNCY) Stock Rating Upgraded by Barclays

Glencore (OTCMKTS:GLNCY) was upgraded by stock analysts at Barclays to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks.com reports.

A number of other brokerages have also recently issued reports on GLNCY. Royal Bank of Canada upgraded shares of Glencore to a “moderate buy” rating in a report on Thursday, August 8th. Citigroup upgraded Glencore to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group raised Glencore to a “strong-buy” rating in a research note on Thursday, August 8th.

Glencore Price Performance

GLNCY stock opened at $10.43 on Wednesday. The firm has a 50 day moving average of $10.52 and a two-hundred day moving average of $11.28. Glencore has a 12 month low of $9.26 and a 12 month high of $12.74.

Glencore Company Profile

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.