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

National Bank Financial downgraded shares of Teck Resources (TSE:TCKFree Report) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,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.

A number of other research analysts also recently issued reports on TCK. Citigroup upgraded Teck Resources to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group downgraded Teck Resources from a “strong-buy” rating to a “hold” rating in a 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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