Glencore PLC (ADR) (OTC:GLNCY) has been upgraded from Neutral to Outperform in a statement by Credit Suisse earlier today.
- Updated: September 19, 2016
Credit Suisse has upgraded Glencore PLC (ADR)(OTC:GLNCY) from Neutral to Outperform in a statement released on 9/19/2016.
Boasting a price of $4.77, Glencore PLC (ADR) (OTC:GLNCY) traded 0.00% even on the day. The last close is up 9.30% from the 200-day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same period. GLNCY has recorded a 50-day average of $4.86 and two hundred day average of $4.36. Trade volume was was down over the average, with 0 shares of GLNCY changing hands under the typical 158,147 shares.
Glencore PLC (ADR) has a one-year low of $1.95 and a one-year high of $5.15 . The company’s market capitalization is presently $0.0.
Brief Synopsis About Glencore PLC (ADR) (OTC:GLNCY)
Glencore plc engages in the production, processing, refinement, transport, storage, marketing, and supply of commodities worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in mining, smelting, refining, and warehousing operations of copper, zinc, lead, alumina, aluminium, ferroalloys, nickel, cobalt, and iron ore. The Energy Products segment activities include coal mining and oil production operations; and investments in handling, storage, and freight equipment and facilities. The Agricultural Products segment engages in the farming, processing, handling, storage, and port facilitating of wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton, and sugar. It also sources and distributes physical commodities to industrial consumers, such as automotive, steel, power generation, oil, and food processing industries. The company was formerly known as Glencore Xstrata plc and changed its name to Glencore plc in May 2014. Glencore plc was founded in 1974 and is headquartered in Baar, and Switzerland.
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