Morgan Stanley Reaffirms Overweight Rating for Tesco (OTCMKTS:TSCDY)

Tesco (OTCMKTS:TSCDY)‘s stock had its “overweight” rating reaffirmed by stock analysts at Morgan Stanley in a research report issued on Friday, The Fly reports.

A number of other equities research analysts have also commented on TSCDY. Zacks Investment Research raised shares of Tesco from a “sell” rating to a “hold” rating in a research note on Tuesday, August 31st. Barclays reaffirmed an “overweight” rating on shares of Tesco in a research report on Wednesday, September 1st. UBS Group restated a “buy” rating on shares of Tesco in a report on Friday, August 27th. Finally, Sanford C. Bernstein began coverage on shares of Tesco in a research report on Wednesday, July 7th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Shares of OTCMKTS TSCDY opened at $10.68 on Friday. The firm has a 50 day moving average price of $10.25 and a two-hundred day moving average price of $9.76. The stock has a market cap of $27.52 billion, a P/E ratio of 41.08, a price-to-earnings-growth ratio of 0.51 and a beta of 0.66. Tesco has a 52-week low of $9.06 and a 52-week high of $13.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.68.

About Tesco

Tesco Plc engages in the retailing and retail banking. It operates through the following segments: UK and ROI, Central Europe, Asia, and Tesco Bank. The UK and ROI segment caters to the United Kingdom and Republic of Ireland. The Central Europe segment covers the Czech Republic, Hungary, Poland, and Slovakia.

See Also: Why Invest in High-Yield Dividend Stocks?

The Fly logo

Analyst Recommendations for Tesco (OTCMKTS:TSCDY)

Receive News & Ratings for Tesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco and related companies with's FREE daily email newsletter.