The stocks of TECK found themselves with an upgraded rating of hold, by analysts from Zacks Investment Research who had previously given them a rating of sell. According to reports, the brokerage has set up a price target of $21 on the stocks of the company. Incidentally, this price objective is indicative of an increase in the annual growth rate by about 5.74%.
The Quarterly Earnings of TECK
There are quite a few research equities that have commented on the stocks of TECK. Goldman Sachs has already given the stocks a rating of neutral, along with a price target of $14. CIBC has also given the stocks a rating of neutral, along with a price target of $25 on the stocks of the company. Morgan Stanley, too, lifted the price target on the shares of the company- from a sum of $17 to a sum of $23, while giving the stocks a rating of overweight. Scotiabank was one of the last brokerage firms to assume coverage of the stocks of the company, and they had a price target set at $25, along with a rating of outperform on the stocks of the company.
There have been eight investment analysts who have given the stocks of TECK a rating of hold, while eleven of them have given it a rating of buy. Currently, the rating on the company is buy, with a price target set at $21.06.
The stocks of TECK traded at $0.25 last Thursday, where they touched $19.86. The moving average of the company over a period of 50-days is $17.29, while the moving average of the company over a period of 200-days is $13.55. The current ratio of the company is 1.52, while the debt-to-equity ratio of the company is 0.28. The market cap of the firm is $10.39 billion.
