Teck Resources (TSE:TCK) Downgraded by UBS Group to Hold

UBS Group lowered shares of Teck Resources (TSE:TCKFree Report) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other research firms have also issued reports on TCK. Paradigm Capital raised shares of Teck Resources to a “moderate buy” rating in a research note on Friday, July 26th. BMO Capital Markets raised shares of Teck Resources from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Citigroup upgraded shares of Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. Finally, TD Securities upgraded shares of Teck Resources to a “strong-buy” rating in a research report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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