Glencore (OTCMKTS:GLNCY) Upgraded by Hsbc Global Res to Strong-Buy Rating

Hsbc Global Res upgraded shares of Glencore (OTCMKTS:GLNCY) from a hold rating to a strong-buy rating in a research note published on Monday, Zacks.com reports.

Several other equities research analysts also recently issued reports on GLNCY. The Goldman Sachs Group upgraded shares of Glencore to a “strong-buy” rating in a research note on Thursday, August 8th. Royal Bank of Canada upgraded shares of Glencore to a “moderate buy” rating in a research note on Thursday, August 8th. Citigroup upgraded shares of Glencore to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Barclays raised shares of Glencore to a “strong-buy” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, Glencore has an average rating of “Strong Buy”.

Glencore Trading Up 1.0 %

GLNCY opened at $10.62 on Monday. Glencore has a 52-week low of $9.26 and a 52-week high of $12.74. The company has a 50 day moving average of $10.52 and a two-hundred day moving average of $11.20.

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.