StockNews.com lowered shares of Teekay (NYSE:TK – Free Report) from a strong-buy rating to a buy rating in a research report report published on Friday morning.
Teekay Price Performance
TK opened at $8.05 on Friday. The firm has a market capitalization of $732.14 million, a PE ratio of 4.97 and a beta of 0.64. The business’s 50-day moving average is $8.39 and its two-hundred day moving average is $8.14. Teekay has a 1 year low of $5.70 and a 1 year high of $9.95.
Teekay (NYSE:TK – Get Free Report) last announced its earnings results on Thursday, August 1st. The shipping company reported $0.35 earnings per share for the quarter. The company had revenue of $326.14 million during the quarter. Teekay had a net margin of 11.18% and a return on equity of 7.03%.
Institutional Inflows and Outflows
Teekay Company Profile
Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.
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