GLENCORE PLC/ADR (OTCMKTS:GLNCY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut shares of GLENCORE PLC/ADR from a “neutral” rating to an “underweight” rating in a research report on Wednesday, August 14th. UBS Group reaffirmed a “neutral” rating on shares of GLENCORE PLC/ADR in a research report on Friday, June 14th. BMO Capital Markets cut shares of GLENCORE PLC/ADR from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 10th. Bank of America downgraded shares of GLENCORE PLC/ADR from a “buy” rating to a “neutral” rating in a report on Friday, August 16th. Finally, Goldman Sachs Group downgraded shares of GLENCORE PLC/ADR from a “neutral” rating to a “sell” rating in a report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.25.

GLNCY traded up $0.07 during trading on Wednesday, hitting $6.17. The stock had a trading volume of 66,256 shares, compared to its average volume of 284,858. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.10 and a quick ratio of 0.59. The company has a 50 day moving average price of $5.82 and a 200-day moving average price of $7.08. GLENCORE PLC/ADR has a one year low of $5.29 and a one year high of $8.97. The firm has a market cap of $45.00 billion, a price-to-earnings ratio of 9.65 and a beta of 1.91.

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. 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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