Tesco (OTCMKTS:TSCDY) Shares Pass Below 50 Day Moving Average – Should You Sell?

Tesco PLC (OTCMKTS:TSCDY)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.76 and traded as low as $13.15. Tesco shares last traded at $14.01, with a volume of 84,060 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently commented on TSCDY shares. Citigroup upgraded shares of Tesco to a “strong-buy” rating in a report on Friday, September 13th. BNP Paribas assumed coverage on Tesco in a research note on Friday, October 18th. They set an “outperform” rating on the stock. Finally, Royal Bank of Canada began coverage on Tesco in a research report on Tuesday, November 19th. They set a “sector perform” rating for the company.

Tesco Stock Performance

The business’s fifty day moving average price is $13.77 and its 200 day moving average price is $13.44.

Tesco Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, October 15th were paid a dividend of $0.1692 per share. The ex-dividend date of this dividend was Tuesday, October 15th.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.