Glencore (OTCMKTS:GLNCY) Rating Increased to Strong-Buy at Berenberg Bank

Berenberg Bank upgraded shares of Glencore (OTCMKTS:GLNCY - Free Report) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Separately, BMO Capital Markets upgraded Glencore from a "hold" rating to a "strong-buy" rating in a report on Monday, December 16th. Six research analysts have rated the stock with a strong buy rating, According to MarketBeat, Glencore presently has a consensus rating of "Strong Buy".

Glencore Stock Up 3.4 %

Shares of Glencore stock traded up $0.27 during trading on Tuesday, hitting $8.32. The stock had a trading volume of 617,159 shares, compared to its average volume of 979,210. Glencore has a 1 year low of $7.84 and a 1 year high of $12.74. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.30. The stock has a 50 day simple moving average of $8.60 and a 200 day simple moving average of $9.53.

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.