Tesco PLC (TSCDY) Receives Average Rating of “Hold” from Brokerages
Shares of Tesco PLC (NASDAQ:TSCDY) have been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company.
TSCDY has been the topic of a number of recent research reports. Citigroup Inc. reaffirmed a “buy” rating on shares of Tesco PLC in a research report on Monday, September 12th. Deutsche Bank AG reissued a “hold” rating on shares of Tesco PLC in a research report on Wednesday, July 27th. Zacks Investment Research cut shares of Tesco PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. HSBC cut shares of Tesco PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Beaufort Securities reissued a “hold” rating on shares of Tesco PLC in a research report on Saturday, June 25th.
Shares of Tesco PLC (NASDAQ:TSCDY) opened at 7.66 on Friday. The firm has a market cap of $20.79 billion and a PE ratio of 39.90. Tesco PLC has a 52 week low of $6.00 and a 52 week high of $8.86. The company’s 50-day moving average is $6.97 and its 200-day moving average is $6.90.
About Tesco PLC
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland, International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand and Turkey, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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