Glencore (OTCMKTS:GLNCY) Rating Increased to Strong-Buy at Hsbc Global Res

Glencore (OTCMKTS:GLNCY) was upgraded by Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

GLNCY has been the topic of a number of other reports. Royal Bank of Canada raised shares of Glencore to a “moderate buy” rating in a report on Thursday, August 8th. The Goldman Sachs Group upgraded shares of Glencore to a “strong-buy” rating in a research report on Thursday, August 8th. Barclays upgraded shares of Glencore to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Citigroup upgraded shares of Glencore to a “strong-buy” rating in a research report on Thursday, August 8th. Four analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, Glencore presently has an average rating of “Strong Buy”.

Glencore Stock Up 0.3 %

Shares of Glencore stock opened at $10.51 on Monday. The firm’s fifty day simple moving average is $10.52 and its 200-day simple moving average is $11.21. 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.