Zacks Investment Research upgraded shares of Tesco (OTCMKTS:TSCDY) from a sell rating to a hold rating in a research note published on Friday.
According to Zacks, “TESCO PLC., is the UK’s largest retailer and one of the world’s leading international retailers. Tesco has reached this position through consistent focus on their four part strategy for growth: Tesco has a strong, growing core UK business offering customers excellent value, choice and convenience; Tesco aims to be as strong in non-food as it is in food; Tesco follows the customer into new areas like retailing services such as financial products (Tesco Personal Finance), internet shopping (Tesco.com) and telecoms (Tesco telecom offers mobile, fixed line and broadband services) & Tesco is a leading international retailer with a long term strategy for growth. Tesco is a multi-format business, operating hypermarkets, superstores, supermarkets and convenience stores. “
TSCDY stock traded down $0.06 during trading on Friday, reaching $8.47. 133,639 shares of the company were exchanged, compared to its average volume of 137,593. The stock has a market cap of $23.10 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 1.24 and a beta of 0.50. Tesco has a twelve month low of $6.89 and a twelve month high of $10.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.62 and a quick ratio of 0.49.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, November 30th. Investors of record on Monday, October 15th will be given a dividend of $0.065 per share. The ex-dividend date is Friday, October 12th. Tesco’s dividend payout ratio is 28.26%.
Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.
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