Deutsche Bank Downgrades Teekay Corp. (TK) to Hold
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Raymond James Downgrades Teekay Corp. (TK) to Market Perform
December 21, 2015 8:54 AM ESTRaymond James downgraded Teekay Corp. (NYSE: TK) from Outperform to Market Perform.
For an analyst ratings summary and ratings history on Teekay Corp. click here. For more ratings news on Teekay Corp. click here.
Shares of Teekay Corp. closed at $8.80 yesterday.
... MoreSeaport Global Securities Downgrades Teekay Corp. (TK) to Neutral
December 17, 2015 9:29 AM ESTSeaport Global Securities downgraded Teekay Corp. (NYSE: TK) from Buy to Neutral.
For an analyst ratings summary and ratings history on Teekay Corp. click here. For more ratings news on Teekay Corp. click here.
Shares of Teekay Corp. closed at $17.49 yesterday.
... MoreRBC Capital Downgrades Teekay Corp. (TK) to Sector Perform
December 17, 2015 9:29 AM ESTRBC Capital downgraded Teekay Corp. (NYSE: TK) from Outperform to Sector Perform.
For an analyst ratings summary and ratings history on Teekay Corp. click here. For more ratings news on Teekay Corp. click here.
Shares of Teekay Corp. closed at $17.49 yesterday.
... MoreCredit Suisse Downgrades Teekay Corp. (TK) to Neutral
December 17, 2015 7:48 AM ESTCredit Suisse downgraded Teekay Corp. (NYSE: TK) from Outperform to Neutral with a price target of $20.00 (from $41.00).
Analyst Gregory Lewis commented, "TK took the axe to its quarterly distribution, dropping it 90% to $0.055 from $0.55 which puts TK's distribution yield at 1.3%. We are downgrading... More
Teekay (TK) Will Reduce Qtr. Dividend by 90%
December 17, 2015 6:12 AM ESTTeekay (NYSE: TK) announced that its Board of Directors has approved a plan to reduce the Company's quarterly dividend to $0.055 per share, down from $0.55 per share in the third quarter of 2015, commencing with the fourth quarter of 2015 dividend payable in February 2016. The reduction in the Company's dividend amount is in response to announcements by the general partners of Teekay Offshore Partners L.P. (Teekay Offshore) and Teekay LNG Partners L.P. (Teekay LNG) that they plan to reduce their respective quarterly cash distribution amounts. Teekay Offshore and Teekay LNG now expect to use a... More
