Teck Resources Limited Lowered to Sector Perform at Iberia Capital (TCK)
Teck Resources Limited (NYSE:TCK) was downgraded by research analysts at Iberia Capital from an “outperform” rating to a “sector perform” rating in a report released on Tuesday, ARN reports.
A number of other firms have also recently commented on TCK. Analysts at Scotiabank cut their price target on shares of Teck Resources Limited from C$34.00 to C$32.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company downgraded shares of Teck Resources Limited from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 9th. They now have a $27.00 price target on the stock, down previously from $34.00. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $30.73.
Shares of Teck Resources Limited (NYSE:TCK) opened at 23.88 on Tuesday. Teck Resources Limited has a 52 week low of $19.98 and a 52 week high of $32.95. The stock has a 50-day moving average of $24. and a 200-day moving average of $25.75. The company has a market cap of $13.760 billion and a price-to-earnings ratio of 14.11.
Teck Resources Limited (NYSE:TCK) last announced its earnings results on Wednesday, February 19th. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.03. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.34 billion. The company’s quarterly revenue was down 11.1% on a year-over-year basis. Analysts expect that Teck Resources Limited will post $1.53 EPS for the current fiscal year.
Teck Resources Limited (NYSE:TCK), formerly Teck Cominco Limited, is engaged in mining and related activities, including exploration, development, processing, smelting and refining.
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