Teck Resources (TSE:TCK) Cut to Hold at Raymond James Financial

Raymond James Financial cut shares of Teck Resources (TSE:TCKFree Report) from a moderate buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

TCK has been the subject of several other research reports. Canaccord Genuity Group downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Scotiabank downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Veritas cut Teck Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, Natl Bk Canada lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Four research analysts have rated the stock with a Strong Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Teck Resources has a consensus rating of “Moderate Buy”.

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