Tesco (OTCMKTS:TSCDY) Reaches New 12-Month High – Here’s Why

Tesco PLC (OTCMKTS:TSCDY)’s stock price hit a new 52-week high during trading on Tuesday. The company traded as high as $20.5550 and last traded at $20.49, with a volume of 4,462 shares traded. The stock had previously closed at $20.29.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Erste Group Bank cut shares of Tesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a research report on Monday, July 6th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Tesco Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.39. The stock has a 50-day simple moving average of $19.09 and a 200 day simple moving average of $19.01.

About Tesco

Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company serves customers through supermarkets, superstores, convenience stores and online grocery channels, offering food, household products, clothing, health and beauty items, and other general merchandise. Tesco also operates fuel stations and provides selected financial and mobile services through associated businesses and partnerships.

Tesco’s operations are concentrated in the United Kingdom and the Republic of Ireland, with additional stores in the Czech Republic, Hungary and Slovakia.