Barclays Upgrades Glencore (OTCMKTS:GLNCY) to "Strong-Buy"

Glencore (OTCMKTS:GLNCY - Get Free Report) was upgraded by Barclays to a "strong-buy" rating in a report released on Wednesday, Zacks.com reports.

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GLNCY has been the topic of a number of other research reports. Royal Bank of Canada upgraded Glencore to a "moderate buy" rating in a research note on Thursday, August 8th. The Goldman Sachs Group upgraded Glencore to a "strong-buy" rating in a research note on Thursday, August 8th. Finally, Citigroup upgraded Glencore to a "strong-buy" rating in a research note on Thursday, August 8th.

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Glencore Stock Performance

GLNCY stock traded up $0.17 during midday trading on Wednesday, reaching $10.60. The company's stock had a trading volume of 296,084 shares, compared to its average volume of 604,590. The stock has a fifty day simple moving average of $10.52 and a two-hundred day simple moving average of $11.28. Glencore has a 1 year low of $9.26 and a 1 year high of $12.74.

Glencore Company Profile

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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.

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