Glencore (OTCMKTS:GLNCY) Upgraded at Hsbc Global Res

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

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

Glencore Stock Up 1.0 %

Shares of OTCMKTS:GLNCY opened at $10.62 on Monday. The firm’s 50-day simple moving average is $10.52 and its 200-day simple moving average is $11.20. Glencore has a fifty-two week low of $9.26 and a fifty-two week high of $12.74.

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.