Tesco PLC (OTCMKTS:TSCDY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Tesco PLC (OTCMKTS:TSCDY) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

TSCDY has been the subject of several recent research reports. Erste Group Bank initiated coverage on shares of Tesco in a research note on Tuesday, May 5th. They issued a “buy” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a report on Monday, July 6th. Citigroup assumed coverage on shares of Tesco in a research report on Tuesday, May 5th. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesco in a research note on Monday, April 13th.

Tesco Price Performance

OTCMKTS TSCDY opened at $19.87 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $18.67 and a two-hundred day moving average of $18.84. Tesco has a 1-year low of $16.47 and a 1-year high of $20.54.

About Tesco

Tesco PLC is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, Hertfordshire. Founded in 1919 by Jack Cohen as a market stall, the company expanded into a nationwide chain of supermarkets and has grown into one of the largest retailers in the United Kingdom. Tesco operates a range of store formats designed to serve different customer needs, including large-format hypermarkets, standard supermarkets and smaller convenience stores, along with an extensive online grocery and home delivery service.

The company’s core activities include the retail sale of food and non-food products, development and distribution of own-label ranges (from value to premium), and provision of convenience and fuel forecourt services.