Tesco (OTCMKTS:TSCDY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “TESCO PLC., is the UK’s largest retailer and one of the world’s leading international retailers. Tesco has reached this position through consistent focus on their four part strategy for growth: Tesco has a strong, growing core UK business offering customers excellent value, choice and convenience; Tesco aims to be as strong in non-food as it is in food; Tesco follows the customer into new areas like retailing services such as financial products (Tesco Personal Finance), internet shopping (Tesco.com) and telecoms (Tesco telecom offers mobile, fixed line and broadband services) & Tesco is a leading international retailer with a long term strategy for growth. Tesco is a multi-format business, operating hypermarkets, superstores, supermarkets and convenience stores. “

Shares of OTCMKTS TSCDY opened at $9.46 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. Tesco has a 12 month low of $7.06 and a 12 month high of $10.03. The company has a 50 day simple moving average of $9.09 and a two-hundred day simple moving average of $8.75. The stock has a market cap of $30.87 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.27 and a beta of 0.66.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.

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