Tesco PLC (OTCMKTS:TSCDY) Given Consensus Recommendation of “Moderate Buy” by Analysts
by Jessica Moore · The Cerbat GemShares of Tesco PLC (OTCMKTS:TSCDY – Get Free Report) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company.
A number of analysts have recently weighed in on TSCDY shares. Zacks Research raised shares of Tesco from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tesco in a report on Monday, April 13th.
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Tesco Stock Performance
Shares of Tesco stock opened at $20.18 on Friday. The company has a 50 day moving average of $19.41 and a 200-day moving average of $18.44. Tesco has a 1-year low of $13.43 and a 1-year 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.
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.