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

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

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

Tesco Stock Performance

Tesco stock opened at $18.47 on Tuesday. Tesco has a 52 week low of $12.16 and a 52 week high of $20.54. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average price of $18.67 and a 200 day moving average price of $18.25.

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.