Glencore (OTCMKTS:GLNCY) Raised to Hold at UBS Group

Glencore (OTCMKTS:GLNCY) was upgraded by analysts at UBS Group to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on GLNCY. Barclays reaffirmed an “overweight” rating on shares of Glencore in a report on Monday, December 8th. Berenberg Bank raised Glencore from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a research report on Friday, January 30th. Sanford C. Bernstein cut Glencore from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd. Finally, HSBC lowered shares of Glencore to a “hold” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Glencore has a consensus rating of “Moderate Buy” and an average price target of $9.30.

Glencore Stock Performance

OTCMKTS GLNCY opened at $13.55 on Monday. Glencore has a twelve month low of $5.74 and a twelve month high of $14.67. The firm has a 50-day simple moving average of $11.82 and a 200 day simple moving average of $9.79. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 0.87.

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.