Teck Resources Ltd (TECK) Upgraded to Overweight at JPMorgan Chase & Co

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. After posting $0.88 EPS for the previous quarter, Teck Resources Ltd (USA)’s analysts now forecast 10.23 % EPS growth.

The stock decreased 5.00% or $0.94 during the last trading session, reaching $17.86. The stock had a trading volume of 2,727,762 shares. Teck Resources Ltd Ordinary Sha also recently declared a dividend for shareholders which will be paid on Friday the 30th of June 2017. It has underperformed by 16.70% the S&P500. Berenberg Bank upgraded shares of Teck Resources from a “hold” rating to a “buy” rating in a report on Wednesday, March 22nd. Therefore 0 are positive. Envision Healthcare Holdings had 41 analyst reports since August 3, 2015 according to SRatingsIntel. Scotiabank cut their price objective on shares of Teck Resources from C$37.00 to C$36.00 and set an “outperform” rating for the company in a research report on Thursday, February 16th. The brokerage now has a “buy” rating on the stock. Finally, Clarkson Capital restated a buy rating on shares of Teck Resources in a research note on Friday, May 19th. Barclays Capital downgraded the shares of TCK in report on Thursday, January 14 to “Underweight” rating. The Guardian Capital Advisors Lp holds 81,476 shares with $2.33M value, down from 124,758 last quarter. The company was maintained on Monday, May 1 by Jefferies. The firm has “Buy” rating given on Tuesday, February 23 by Cantor Fitzgerald. The firm has “Buy” rating given on Thursday, May 19 by Goldman Sachs. The rating was initiated by JMP Securities on Wednesday, September 16 with “Market Outperform”. Valspar Corporation (Call) (NYSE:VAL) was reduced too. Therefore 100% are positive. Teck Resources had 9 analyst reports since December 5, 2016 according to SRatingsIntel. On Tuesday, April 19 the stock rating was downgraded by CLSA to “Underperform”. As per Friday, October 23, the company rating was upgraded by BB&T Capital. The stock of Teck Resources Ltd (USA) (NYSE:TECK) earned “Equal-Weight” rating by Morgan Stanley on Thursday, September 15.

More notable recent Teck Resources Ltd (USA) (NYSE:TECK) news were published by: Fool.ca which released: “Teck Resources Ltd.: Is the Party Over?” on February 17, 2017, also Fool.ca with their article: “Teck Resources Ltd.: Look Out Below?” published on May 05, 2017, Fool.ca published: “Will Teck Resources Ltd”. The firm has “Hold” rating given on Monday, October 3 by Deutsche Bank. Equities research analysts anticipate that Teck Resources will post $3.37 earnings per share for the current year. TECK’s profit will be $531.10M for 4.64 P/E if the $0.97 EPS becomes a reality. The hedge fund run by Robert Bishop held 12.04 million shares of the mining & quarrying of nonmetallic minerals (no fuels) company at the end of 2016Q4, valued at $241.13M, down from 12.33M 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. Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) has declined 20.03% since June 2, 2016 and is downtrending. It has underperformed by 40.01% the S&P500.

Investors sentiment decreased to 1.07 in Q4 2016. Its up 0.10, from 1.41 in 2016Q3. 19 funds opened positions while 42 raised stakes. The company have shares float of 569.77 million. (NASDAQ:IPCC). Blackrock Mngmt Ltd Limited Liability Company has invested 0.01% of its portfolio in Infinity Property and Casualty Corp. Its up 108.7% from 2,300 shares previously.

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