TD Securities downgraded shares of Porto Energy Corp (CVE: PEC) from a speculative buy rating to a hold rating in a research note released on Monday morning.

A number of other firms have also recently commented on PEC. Analysts at Raymond James cut their price target on shares of Porto Energy Corp from $0.15 to $0.05 in a research note to investors on Monday. They now have an underperform rating on the stock. Separately, analysts at Jennings Capital downgraded shares of Porto Energy Corp from a speculative buy rating to a hold rating in a research note to investors on Friday, November 2nd. They now have a $0.10 price target on the stock, down previously from $0.40.