Teck Resources (TSE:TCK) Lowered to “Hold” Rating by Scotiabank

Teck Resources (TSE:TCKGet Free Report) was downgraded by stock analysts at Scotiabank from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. B. Riley lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 28th. Desjardins cut shares of Teck Resources from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 17th. Canaccord Genuity Group lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Cibc World Mkts downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Finally, UBS Group upgraded shares of Teck Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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Trillium Acquisition Corp is a capital pool company.

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