Upgrades Teck Resources Ltd (TECK) to Overweight

Author

03 June, 2017

Shares of Teck Resources Ltd (TSE:TECK.B) have earned an average rating of "Buy" from the twelve research firms that are now covering the company, Marketbeat reports. The A-R-T- Advisors Llc holds 23,700 shares with $474,000 value, down from 62,400 last quarter.

Analysts await Teck Resources Ltd (USA) (NYSE:TECK) to report earnings on July, 27. The stock increased 0.73% or $0.13 during the last trading session, reaching $17.99. About 1,500 shares traded. Two analysts have provided estimates for Teck Resources' earnings, with the highest EPS estimate coming in at $1.48 and the lowest estimate coming in at $0.54. It has underperformed by 16.70% the S&P500. Analysts have a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The rating was upgraded by Citigroup on Monday, December 5 to "Buy". On Friday, September 18 the stock rating was initiated by FBR Capital with "Outperform". On Thursday, April 21 the stock rating was downgraded by FBR Capital to "Market Perform". The firm has "Buy" rating given on Friday, October 23 by BB&T Capital. As per Monday, December 12, the company rating was maintained by UBS. The firm earned "Sector Perform" rating on Thursday, July 23 by Scotia Capital. Berenberg upgraded the shares of TCK in report on Wednesday, November 30 to "Hold" rating. They set an "outperform" rating for the company. Mackenzie Financial Corporation holds 0.01% of its portfolio in Insperity Inc (NYSE:NSP) for 28,351 shares. Brookfield Infrast Partners (NYSE:BIP) was raised too.

JPMorgan Chase & Co. upgraded shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) from a neutral rating to an overweight rating in a report published on Tuesday. Therefore 47% are positive. Insperity Inc had 6 analyst reports since February 16, 2016 according to SRatingsIntel. On Tuesday, April 19 the stock rating was downgraded by CLSA to "Underperform". Peconic Partners Llc acquired 158,680 shares as Teck Resources Ltd (TCK)'s stock 0.00%.

Teck Resources Limited (TECK) ended its day with loss -5.00% and finalized at the price of $17.86.

Teck Resources (NYSE:TECK) opened at 17.99 on Tuesday. The company was maintained on Tuesday, April 19 by JP Morgan. The firm earned "Outperform" rating on Tuesday, October 18 by National Bank Canada. Deutsche Bank has "Hold" rating and $5.0 target. In the latest earnings report the EPS was $1.91 and is projected to be $3.37 for the current year with 577,650,000 shares now outstanding. TECK's profit will be $564.45M for 4.53 P/E if the $0.97 EPS becomes a reality. The hedge fund run by Jeffrey Smith held 760,000 shares of the technology company at the end of 2016Q4, valued at $53.92 million, down from 1.50M at the end of the previous reported quarter. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. Syncora Holdings Ltd. (OTCMKTS:SYCRF) has 0.00% since June 2, 2016 and is. It has underperformed by 3.65% the S&P500.

Investors sentiment decreased to 1.07 in Q4 2016. 36,595 shares or 99.98% less from 177.74 million shares in 2016Q3 were reported. Doheny Asset Mgmt Ca invested 0.14% in American Express Company (NYSE:AXP). (NASDAQ:IPCC). Blackrock Mngmt Ltd Limited Liability Company has invested 0.01% of its portfolio in Infinity Property and Casualty Corp. This indicates the dollar amount an investor can expect to invest in a company in order to receive one dollar of that company's earnings.


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