Tesco (OTCMKTS:TSCDY) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Tesco PLC (OTCMKTS:TSCDY)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.78 and traded as low as $13.51. Tesco shares last traded at $13.51, with a volume of 156,865 shares.

Analyst Ratings Changes

Several analysts recently commented on the stock. BNP Paribas began coverage on shares of Tesco in a research report on Friday, October 18th. They set an “outperform” rating on the stock. Royal Bank of Canada started coverage on Tesco in a research note on Tuesday, November 19th. They issued a “sector perform” rating for the company.

Tesco Trading Down 1.0 %

The business’s fifty day simple moving average is $13.79 and its two-hundred day simple moving average is $13.73.

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.