Morgan Stanley Upgrades Barclays PLC (ADR) to Overweight

Brokerage firm Morgan Stanley Upgrades its rating on Barclays PLC (ADR)(BCS). The shares have been rated Overweight. Previously, the analysts had a Equal-Weight rating on the shares. The rating by the stock financial advisor at Morgan Stanley was issued on Mar 17, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 30, 2017, Berenberg said it Downgrades its rating on Barclays PLC (ADR). The shares have been rated ‘Sell’ by the firm. On Jan 9, 2017, Deutsche Bank said it Upgrades its rating on Barclays PLC (ADR). The shares have been rated ‘Buy’ by the firm.

Barclays PLC (ADR) (BCS) shares turned negative on Wednesdays trading session with the shares closing down -0.11 points or -0.97% at a volume of 58,08,986. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.24. The peak price level was also seen at $11.24 while the days lowest was $11.09. Finally the shares closed at $11.18. The 52-week high of the shares is $12.05 while the 52-week low is $6.76. According to the latest information available, the market cap of the company is $47,418 M.

Barclays PLC (ADR)(BCS) last announced its earnings results on Feb 23, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $6.240B. Analysts had an estimated revenue of $27.290B. Earnings per share were $0.21.

Barclays PLC (Barclays) is a global financial services holding company. The Company operates in five business segments: Personal and Corporate Banking (PCB) Barclaycard Africa Banking Investment Bank and Head Office. Barclays Bank PLC is a wholly owned subsidiary of Barclays. The Personal and Corporate Banking (PCB) comprises personal banking mortgages wealth & investment management and corporate banking. Barclaycard is an international payments services provider. The Africa Banking business is managed under three primary businesses. Its businesses include retail and business banking (RBB); wealth investment management and insurance (WIMI); corporate and investment banking (CIB) as well as an Africa Head Office function. The Investment Bank consists of origination-led and returns-focused markets. Head Office comprises head office and central support functions. It also includes the businesses in transition and consolidation adjustments.

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