Teck Resources (TSE:TECK.B) Had Its Target Decreased by 2.56% at RBC Capital Markets to $38.00; Last Week Integrated Device Technology (IDTI) Analysts

June 19, 2017 - By Clifton Ray

In a research report revealed to clients and investors by RBC Capital Markets on Friday, 16 June, Teck Resources (TSE:TECK.B) had its target downgraded to $38.00. The firm right now has Outperform rating on the stock.

Among 16 analysts covering Integrated Device (NASDAQ:IDTI), 14 have Buy rating, 1 Sell and 1 Hold. Therefore 88% are positive. Integrated Device had 27 analyst reports since August 4, 2015 according to SRatingsIntel. Zacks upgraded Integrated Device Technology Inc (NASDAQ:IDTI) rating on Thursday, August 6. Zacks has “Hold” rating and $22 target. Chardan Capital Markets maintained it with “Buy” rating and $32 target in Tuesday, August 4 report. The stock of Integrated Device Technology Inc (NASDAQ:IDTI) has “Overweight” rating given on Tuesday, December 15 by Pacific Crest. The company was initiated on Monday, October 26 by Charter Equity. Topeka Capital Markets maintained it with “Buy” rating and $26 target in Tuesday, February 2 report. Craig Hallum maintained Integrated Device Technology Inc (NASDAQ:IDTI) rating on Tuesday, October 27. Craig Hallum has “Buy” rating and $30.0 target. The rating was maintained by Needham with “Buy” on Tuesday, August 2. The firm earned “Buy” rating on Thursday, September 29 by Roth Capital. Dougherty & Company maintained the shares of IDTI in report on Tuesday, October 27 with “Buy” rating. Needham maintained the shares of IDTI in report on Tuesday, January 31 with “Buy” rating. See Integrated Device Technology Inc (NASDAQ:IDTI) latest ratings:

16/02/2017 Broker: Bank of America Old Rating: Buy New Rating: Neutral Downgrade
31/01/2017 Broker: Needham Rating: Buy Old Target: $25 New Target: $28 Maintain
04/01/2017 Broker: Pacific Crest Rating: Overweight Reinitiate
21/12/2016 Broker: Susquehanna Rating: Positive Initiates Coverage On

Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The company has market cap of $10.97 billion. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It has a 7.5 P/E ratio. It operates in five divisions: steelmaking coal, copper, zinc, energy and corporate.

The stock decreased 8.57% or $1.85 on June 16, reaching $19.73. About 7.47 million shares traded or 264.39% up from the average. Teck Resources Ltd (TSE:TECK.B) has 0.00% since June 19, 2016 and is . It has underperformed by 16.70% the S&P500.

Among 5 analysts covering Teck Resources (TSE:TECK.B), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Teck Resources has $41 highest and $34 lowest target. $38.21’s average target is 93.66% above currents $19.73 stock price. Teck Resources had 22 analyst reports since December 13, 2016 according to SRatingsIntel. RBC Capital Markets maintained Teck Resources Ltd (TSE:TECK.B) rating on Tuesday, December 13. RBC Capital Markets has “Outperform” rating and $40 target. The firm earned “Buy” rating on Thursday, March 30 by TD Securities. TD Securities maintained the stock with “Buy” rating in Wednesday, March 8 report. The stock of Teck Resources Ltd (TSE:TECK.B) earned “Outperform” rating by Scotia Capital on Tuesday, January 10. RBC Capital Markets maintained Teck Resources Ltd (TSE:TECK.B) on Monday, June 5 with “Outperform” rating. RBC Capital Markets maintained the shares of TECK.B in report on Friday, February 3 with “Outperform” rating. Scotia Capital maintained the stock with “Outperform” rating in Thursday, March 30 report. RBC Capital Markets maintained Teck Resources Ltd (TSE:TECK.B) on Friday, March 31 with “Outperform” rating. RBC Capital Markets maintained Teck Resources Ltd (TSE:TECK.B) on Friday, February 10 with “Outperform” rating. BMO Capital Markets maintained the stock with “” rating in Monday, April 3 report.

Integrated Device Technology, Inc. develops system-level solutions that optimize its customers’ applications. The company has market cap of $3.27 billion. The Firm operates through two divisions: the Communications, and the Computing, Consumer and Industrial. It has a 30.81 P/E ratio. It offers products in radio frequency , timing, wireless power transfer, serial switching, interfaces and sensing solutions.

Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.10, from 0.94 in 2016Q3. It is negative, as 35 investors sold Integrated Device Technology Inc shares while 101 reduced holdings. 41 funds opened positions while 73 raised stakes. 121.23 million shares or 2.63% less from 124.51 million shares in 2016Q3 were reported. Symphony Asset Management Limited Liability Corp has invested 0.09% in Integrated Device Technology Inc (NASDAQ:IDTI). Moreover, Prudential Fincl has 0% invested in Integrated Device Technology Inc (NASDAQ:IDTI). Dimensional Fund Advsrs Lp reported 0.04% in Integrated Device Technology Inc (NASDAQ:IDTI). Oregon Employees Retirement Fund reported 46,189 shares. 25 are held by Whittier Com. Tower Rech Capital Limited Co (Trc) holds 0.02% or 8,727 shares in its portfolio. Segall Bryant Hamill Lc has invested 1.05% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). Bankshares Of America De has invested 0% in Integrated Device Technology Inc (NASDAQ:IDTI). Profund Advsrs Ltd Co accumulated 41,768 shares. Moreover, Brandywine Glob Investment Mngmt Ltd Liability has 0% invested in Integrated Device Technology Inc (NASDAQ:IDTI) for 30,135 shares. Cornerstone Limited Liability Com holds 48,128 shares or 0.01% of its portfolio. Asset Mgmt Inc reported 3,230 shares. Marshall Wace Ltd Liability Partnership accumulated 687,689 shares. Moreover, Pdt Ptnrs Ltd Liability Co has 0.04% invested in Integrated Device Technology Inc (NASDAQ:IDTI) for 28,000 shares. Ranger Invest Limited Partnership holds 0.03% or 18,570 shares in its portfolio.

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