Desjardins Downgrades Teck Resources (TSE:TCK) to Hold

Teck Resources (TSE:TCKGet Free Report) was downgraded by Desjardins from a “moderate buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Stifel Canada upgraded shares of Teck Resources to a “hold” rating in a research report on Tuesday, July 8th. National Bank Financial upgraded shares of Teck Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 24th. BMO Capital Markets upgraded Teck Resources to a “strong-buy” rating in a research report on Wednesday, April 16th. Finally, Veritas upgraded Teck Resources to a “hold” rating in a report on Friday, April 11th. Five analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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