Bank of America Corp. downgraded shares of GLENCORE INTERNATION (NASDAQ:GLNCY) from a buy rating to a neutral rating in a research note issued to investors on Tuesday, Stock Ratings Network.com reports.
Bank of America Corp. has also updated their ratings on a number of other stocks in the last week. The firm upgraded shares of Lan Airlines S.A. from an underperform rating to a neutral rating. Also, Bank of America Corp. initiated coverage on shares of Plains All Amer. They issued a buy rating on that stock and set a $60.00 price target. Finally, Bank of America Corp. upgraded shares of Gold Fields from an underperform rating to a neutral rating. Bank of America Corp. now has a $4.70 price target on that stock, down previously from $5.00.
A number of other analysts have also recently weighed in on GLNCY. Analysts at Liberum Capital downgraded shares of GLENCORE INTERNATION from a buy rating to a hold rating in a research note to investors on Monday, October 14th. Separately, analysts at BNP Paribas upgraded shares of GLENCORE INTERNATION from a neutral rating to an outperform rating in a research note to investors on Thursday, September 19th. Finally, analysts at UBS AG downgraded shares of GLENCORE INTERNATION from a buy rating to a neutral rating in a research note to investors on Tuesday, September 17th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold.
Shares of GLENCORE INTERNATION (NASDAQ:GLNCY) traded up 2.04% during mid-day trading on Tuesday, hitting $10.02. The stock had a trading volume of 37,520 shares. GLENCORE INTERNATION has a one year low of $7.59 and a one year high of $12.83. The stock has a 50-day moving average of $10.62 and a 200-day moving average of $9.82. The company’s market cap is $65.629 billion.
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