Teck Resources (TSE:TCK) Downgraded by National Bank Financial to “Hold”

Teck Resources (TSE:TCKGet Free Report) was downgraded by investment analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports. National Bank Financial also issued estimates for Teck Resources’ FY2024 earnings at $2.39 EPS and FY2027 earnings at $1.92 EPS.

Other research analysts also recently issued reports about the company. UBS Group downgraded Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Citigroup upgraded Teck Resources to a “hold” rating in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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