Teck Resources (TECK) Lifted to Buy at ValuEngine
Teck Resources (NYSE:TECK) (TSE:TECK) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.
A number of other equities analysts also recently weighed in on TECK. Raymond James Financial reissued an “outperform” rating on shares of Teck Resources in a research report on Tuesday, August 15th. MKM Partners reissued a “buy” rating and set a $28.00 price target (up previously from $25.00) on shares of Teck Resources in a research report on Thursday, August 24th. BidaskClub downgraded Teck Resources from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 15th. Axiom Securities initiated coverage on Teck Resources in a research report on Monday, September 18th. They set a “sell” rating and a $16.00 price target on the stock. Finally, Deutsche Bank reissued a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of Teck Resources in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty have issued a buy rating to the company. Teck Resources has an average rating of “Buy” and an average price target of $30.65.
Shares of Teck Resources (TECK) traded up $0.34 during midday trading on Friday, reaching $23.31. The company’s stock had a trading volume of 4,290,000 shares, compared to its average volume of 3,142,589. The firm has a market capitalization of $13,110.09, a P/E ratio of 6.24, a PEG ratio of 0.83 and a beta of 1.30. The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.32. Teck Resources has a 1 year low of $14.56 and a 1 year high of $33.76.
About Teck Resources
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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