Glencore (OTCMKTS:GLNCY) Stock Rating Lowered by Freedom Capital

Glencore (OTCMKTS:GLNCY – Get Free Report) was downgraded by analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Glencore in a report on Friday, May 15th. Citigroup restated a “buy” rating on shares of Glencore in a research note on Monday, April 13th. Barclays restated an “overweight” rating on shares of Glencore in a research note on Wednesday, February 25th. Zacks Research downgraded Glencore from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, HSBC upgraded Glencore from a “hold” rating to a “buy” rating in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.30.

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Glencore Price Performance

Shares of Glencore stock opened at $15.13 on Tuesday. Glencore has a one year low of $7.40 and a one year high of $16.62. The business has a 50-day simple moving average of $15.37 and a 200 day simple moving average of $13.63. The company has a quick ratio of 0.54, a current ratio of 1.06 and a debt-to-equity ratio of 0.84.

About Glencore

(Get Free Report)

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.

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