Finally Time To Raise Your Stake? JP Morgan Upgrades Glencore Intl plc (OTCMKTS:GLNCY) Shares

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Glencore Intl plc (OTCMKTS:GLNCY) Stock Upgrade

Shares of Glencore Intl plc (OTCMKTS:GLNCY) were lifted by investment analysts at JP Morgan from a “Neutral” rating to a solid “Overweight” rating via a recent report revealed to clients on Tuesday morning.

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.

The stock decreased 1.22% or $0.03 on December 15, striking $2.43. Approximately 18.82 million shares of stock traded hands or 1787.69% 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.”

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