Teck Resources (TSE:TCK) Stock Rating Lowered by National Bank Financial

Teck Resources (TSE:TCKGet Free Report) was downgraded by stock analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors 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.

Several other brokerages have also issued reports on TCK. Citigroup upgraded shares of Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group downgraded Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to MarketBeat.com, Teck Resources presently has an average rating of “Moderate Buy”.

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