Tesco PLC (TSCDY) Downgraded by BNP Paribas
BNP Paribas lowered shares of Tesco PLC (NASDAQ:TSCDY) from a neutral rating to an underperform rating in a report issued on Wednesday morning, MarketBeat.com reports.
Separately, Zacks Investment Research cut shares of Tesco PLC from a buy rating to a sell rating in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $8.00.
Tesco PLC (NASDAQ:TSCDY) traded down 0.27% during mid-day trading on Wednesday, hitting $7.41. The company’s stock had a trading volume of 136,023 shares. The firm’s market cap is $20.14 billion. Tesco PLC has a 52-week low of $6.34 and a 52-week high of $8.24. The firm has a 50 day moving average of $7.15 and a 200-day moving average of $6.99.
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Tesco PLC Company Profile
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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