Tesco PLC (OTCMKTS:TSCDY – Get Free Report) has received an average rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.
Separately, Erste Group Bank downgraded Tesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th.
Read Our Latest Stock Analysis on Tesco
Tesco Price Performance
Shares of TSCDY stock opened at $21.63 on Wednesday. The firm has a 50 day moving average price of $19.88 and a two-hundred day moving average price of $19.13. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.39 and a current ratio of 0.59. Tesco has a 12-month low of $16.65 and a 12-month high of $22.09.
About Tesco
Tesco plc is a multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company operates supermarkets, hypermarkets, convenience stores and online grocery services, selling fresh food, packaged groceries, household products, clothing and other general merchandise. Tesco also operates fuel stations and offers loyalty benefits through its Clubcard program.
Founded in 1919 by Jack Cohen as a market stall business, Tesco has grown into one of the United Kingdom’s largest retailers.
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