Morgan Stanley downgraded Glencore Intl plc (OTCMKTS:GLNCY) from Equal-Weight to Underweight in a report released today.
- Updated: September 20, 2016
Yesterday Glencore Intl plc (OTCMKTS:GLNCY) traded 1.19% higher at $5.05. The company’s 50-day moving average is $4.87 and its 200-day moving average is $4.38. The last closing price is up 16.54% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 21,131 shares of the stock were exchanged, down from an average trading volume of 156,602
Morgan Stanley has downgraded Glencore Intl plc (OTCMKTS:GLNCY) from Equal-Weight to Underweight in a report released on 9/21/2016.
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Glencore Intl plc has a 52 week low of $1.95 and a 52 week high of $5.15 The company’s market cap is currently $0.
General Information About Glencore Intl plc (OTCMKTS: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, Switzerland.
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