Teck Resources (NYSE:TECK) (TSE:TECK) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.
Several other analysts have also weighed in on the company. Scotiabank raised Teck Resources from an “outperform” rating to a “focus list” rating in a report on Monday, January 8th. CIBC started coverage on Teck Resources in a report on Friday, November 17th. They issued a “sector outperform” rating for the company. Zacks Investment Research raised Teck Resources from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Thursday, November 9th. Citigroup lowered Teck Resources from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. Finally, BidaskClub lowered Teck Resources from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. Teck Resources presently has a consensus rating of “Buy” and an average price target of $30.94.
Shares of Teck Resources (NYSE:TECK) traded up $1.14 during trading on Tuesday, reaching $29.63. The company had a trading volume of 6,130,000 shares, compared to its average volume of 4,490,000. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.42 and a current ratio of 2.17. The company has a market capitalization of $17,030.00, a price-to-earnings ratio of 8.79, a P/E/G ratio of 1.14 and a beta of 1.40. Teck Resources has a 1 year low of $14.56 and a 1 year high of $30.79.
Teck Resources Company Profile
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.
Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.