Glencore (OTCMKTS:GLNCY) Upgraded to "Strong-Buy" at Berenberg Bank

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

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

Glencore Price Performance

GLNCY traded up $0.27 on Tuesday, hitting $8.32. 617,159 shares of the stock were exchanged, compared to its average volume of 979,210. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. Glencore has a 12 month low of $7.84 and a 12 month high of $12.74. The business has a 50-day moving average of $8.60 and a two-hundred day moving average of $9.52.

About Glencore

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.