Analysts Swing to Diverse Views for Bank of America Corporation (BAC), Teck Resources Limited (TECK)

Shares of Bank of America Corporation (NYSE:BAC) opened at $28.62, and ended -0.39% lower at $28.17. Nearly 121.73 million shares were traded by the close, higher than its average daily volume of 65.82 million shares.

Bank of America Corporation (BAC) Analyst Opinion

Bank of America Corporation has a consensus outperform rating from 32 Wall Street analysts, and the number of shares currently sold short amount to at least 1.23% of shares outstanding. The stock spiked 2.85% last month and is up 27.47 this year. Wall Street is only getting more bullish on the stock, with 24 of analysts who cover BAC having a buy-equivalent rating. Analysts have placed a $28.32 price target on Bank of America Corporation, suggesting a 0.53% gain from recent close. It’s currently trading about -1.12% below its 52-week high.

Bank of America Corporation Earnings Surprise

Bank of America Corporation (BAC) surprised the stock market in its last reported earnings when it earned $0.48 a piece versus the consensus-estimated $0.45. Its revenue totaled $21.98 billion down -4.73% from the previous quarter.

Bank of America Corporation (NYSE:BAC) Intraday View

This stock (BAC) is ahead of its 52-week low with 35.96%. Its last month’s stock price volatility remained 2.21% which for the week stands at 1.71%. The share price has moved forward from its 20 days moving average, trading at a distance of 4.34% and stays 6.3% away from its 50 days moving average. Over the last five days, shares have managed 5.66% gains and now is up 14.85% since hitting its 200-day moving average of $24.77. Bank of America Corporation (BAC) has made its way to a 12-month gain of 33.38%.

Turning to Teck Resources Limited (NYSE:TECK), its shares were trading at $22.98 a gain of $0.31, on the trading floor. The stock, after opening at $22.48, touched a high of $23.305 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.1. Teck Resources Limited has 6 buy ratings, 4 holds and 0 sells even after the stock tumbled -13.14% from its high of $26.45 to a $13.17 billion market value through last close.

Teck Resources Limited (TECK) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2 to 2 during a month. Analysts set a 12-month price target of $26.78 a share. The target implies a 16.54% spike from where the shares are currently trading. Also, the current price highlights a discount of 47.95% to analysts’ high consensus price target.

Teck Resources Limited (NYSE:TECK) Intraday Trading

The counter witnessed a trading volume of 4.57 million shares versus an average volume of 5.11 million shares during last trading session. Its last month’s stock price volatility remained 2.52% which for the week approaches 2.48%. The lowest price the stock reached in the last trading day was $22.46 and compares with the $14.56 52-week low. The stock recovered 57.83% since its low point and has performed 14.73% year-to-date.

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