Glencore Intl plc (OTCMKTS:GLNCY) Stock Upgrade
In a very recent research note issued on 15 December, JP Morgan announced that they have decided to upgrade shares of Glencore Intl plc (OTCMKTS:GLNCY) stock from a “Neutral” to a “Overweight”.
From a total of 8 analysts covering Glencore Intl plc (OTCMKTS:GLNCY) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 13% of the ratings are positive. Glencore Intl plc was the topic of 10 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets initiated shares on December 3 with “Sector Perform” rating. Morgan Stanley reinitiated GLNCY stock in a recent report from September 18 with “Equal-Weight” rating. Finally, Macquarie Research upgraded the stock to “Outperform” rating in a report issued on a September 8.
Approximately 14.49M shares of stock traded hands or 1353.38% up from the average. Glencore International PLC, St. Helier (OTCMKTS:GLNCY) has declined 73.89% since May 12, 2015 and is downtrending. It has underperformed by 70.21% the S&P500.
According to Zacks Investment Research, “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.”