Tesco PLC (OTCMKTS:TSCDY) Receives Average Rating of “Moderate Buy” from Analysts

Tesco PLC (OTCMKTS:TSCDY) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Several research analysts have recently issued reports on TSCDY shares. Citigroup reaffirmed a “buy” rating on shares of Tesco in a research note on Thursday, December 11th. Zacks Research upgraded shares of Tesco from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Jefferies Financial Group lowered shares of Tesco from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a research report on Wednesday, December 10th.

Tesco Stock Performance

Tesco stock opened at $18.76 on Friday. The business’s 50-day simple moving average is $18.35 and its 200 day simple moving average is $18.09. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45. Tesco has a 12-month low of $12.16 and a 12-month high of $20.54.

Tesco Company Profile

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.