Tesco PLC (TSCDY) – What Are Researchers Saying About This Stock?

Shares of Tesco PLC (OTCMKTS:TSCDY) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company.

Several equities analysts have recently issued reports on TSCDY shares. Erste Group Bank lowered Tesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a report on Monday, July 6th.

Tesco Stock Performance

Shares of OTCMKTS TSCDY traded up $0.17 during midday trading on Friday, hitting $21.64. The stock had a trading volume of 170,774 shares, compared to its average volume of 367,804. The company’s 50-day simple moving average is $19.18 and its 200 day simple moving average is $19.05. Tesco has a fifty-two week low of $16.65 and a fifty-two week high of $21.65. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Tesco Company Profile

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.