Berenberg Upgrades Teck Resources Ltd Ordinary Shares to Buy

Brokerage firm Berenberg Upgrades its rating on Teck Resources Ltd Ordinary Shares(TECK). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the stock financial advisor at Berenberg was issued on Mar 22, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 21, 2017, Deutsche Bank said it Upgrades its rating on Teck Resources Ltd Ordinary Shares. According to the research note, Deutsche Bank Raises the price target to $25 per share from a prior target of $24. The shares have been rated ‘Buy’ by the firm. On Feb 16, 2017, Deutsche Bank said it Downgrades its rating on Teck Resources Ltd Ordinary Shares. The shares have been rated ‘Hold’ by the firm. BMO Capital said it Initiates Coverage On Teck Resources Ltd Ordinary Shares, according to a research note issued on Feb 2, 2017. The shares have been rated ‘Outperform’ by the firm. On Jan 23, 2017, FBR Capital said it Upgrades its rating on Teck Resources Ltd Ordinary Shares. The shares have been rated ‘Outperform’ by the firm.

Teck Resources Ltd Ordinary Shares (TECK) made into the market gainers list on Fridays trading session with the shares advancing 0.14% or 0.03 points. Due to strong positive momentum, the stock ended at $21.1, which is also near the day’s high of $21.2562. The stock began the session at $20.95 and the volume stood at 33,79,712 shares. The 52-week high of the shares is $33.76 and the 52 week low is $6.55. The company has a current market capitalization of $12,181 M and it has 57,72,76,710 shares in outstanding.

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