GLENCORE PLC/ADR (GLNCY) Downgraded by Zacks Investment Research to “Sell”

GLENCORE PLC/ADR (OTCMKTS:GLNCY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Glencore Plc operates as a diversified natural resource company. It operates in three groups: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in mining, smelting, refining, and warehousing copper, nickel, zinc/lead, alloys, alumina/aluminum and iron ore. The Energy Products segment includes controlled and non-controlled coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities. The Agricultural Products segment focuses on grains, oils/oilseeds, cotton and sugar. The Company’s operations consist of mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities. It is a producer and marketer of commodities, such as mobile phones, bicycles, cutlery, plastics and electricity. Glencore Plc, formerly known as Glencore Xstrata PLC, is headquartered in Baar, Switzerland. “

GLNCY has been the topic of several other research reports. Deutsche Bank reaffirmed a “buy” rating on shares of GLENCORE PLC/ADR in a research note on Tuesday. Morgan Stanley raised GLENCORE PLC/ADR from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 25th. JPMorgan Chase & Co. downgraded GLENCORE PLC/ADR from an “overweight” rating to a “neutral” rating in a research note on Monday, September 10th. Finally, Barclays reaffirmed a “buy” rating on shares of GLENCORE PLC/ADR in a research note on Tuesday, September 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. GLENCORE PLC/ADR has a consensus rating of “Hold” and a consensus target price of $11.00.

GLENCORE PLC/ADR stock traded up $0.12 during mid-day trading on Thursday, hitting $7.41. 297,796 shares of the company’s stock traded hands, compared to its average volume of 407,300. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 0.55. The company has a market capitalization of $50.92 billion, a P/E ratio of 9.49 and a beta of 2.06. GLENCORE PLC/ADR has a one year low of $6.80 and a one year high of $11.68.

About GLENCORE PLC/ADR

Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

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