Teck Resources (TSE:TCK) Stock Rating Upgraded by Citigroup

Teck Resources (TSE:TCKGet Free Report) was upgraded by equities researchers at Citigroup to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

Several other equities research analysts have also recently issued reports on the company. UBS Group raised Teck Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. Paradigm Capital raised Teck Resources to a “moderate buy” rating in a research note on Friday, July 26th. BMO Capital Markets raised Teck Resources from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Eight Capital cut Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, TD Securities raised Teck Resources to a “strong-buy” rating in a research note on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Read Our Latest Stock Report on Teck Resources

Teck Resources Stock Performance

Teck Resources (TSE:TCKGet Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The company reported C$0.79 EPS for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.15. The company had revenue of C$3.87 billion for the quarter, compared to analysts’ expectations of C$3.98 billion.

Further Reading

Analyst Recommendations for Teck Resources (TSE:TCK)

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