Tesco (OTCMKTS:TSCDY) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Tesco (OTCMKTS:TSCDY) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Barclays reaffirmed an “overweight” rating on shares of Tesco in a research report on Tuesday, August 26th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Tesco Price Performance

Tesco stock opened at $18.90 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.64. The firm has a 50-day moving average of $18.05 and a 200-day moving average of $16.86. Tesco has a one year low of $12.16 and a one year high of $18.99.

Tesco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, October 13th will be given a dividend of $0.1906 per share. This represents a yield of 315.0%. The ex-dividend date of this dividend is Friday, October 10th.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.