Tesco PLC (OTCMKTS:TSCDY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Tesco PLC (OTCMKTS:TSCDY) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company.

A number of equities research analysts have recently weighed in on the company. Citigroup reissued a “buy” rating on shares of Tesco in a report on Thursday, December 11th. Jefferies Financial Group cut shares of Tesco from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesco in a research report on Wednesday, December 10th. Finally, Zacks Research downgraded shares of Tesco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th.

Tesco Stock Up 0.5%

OTCMKTS:TSCDY opened at $17.01 on Thursday. The stock has a 50 day simple moving average of $17.92 and a 200 day simple moving average of $17.66. Tesco has a 1-year low of $12.16 and a 1-year high of $19.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.60 and a quick ratio of 0.40.

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.