Glencore (OTCMKTS:GLNCY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Glencore (OTCMKTS:GLNCY) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Separately, BMO Capital Markets upgraded shares of Glencore from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Six research analysts have rated the stock with a strong buy rating, According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Glencore Price Performance

Shares of GLNCY stock opened at $8.05 on Tuesday. The firm has a 50 day moving average price of $8.61 and a two-hundred day moving average price of $9.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30. Glencore has a 12-month low of $7.84 and a 12-month high of $12.74.

About Glencore

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.