Tesco PLC (OTCMKTS:TSCDY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Tesco PLC (OTCMKTS:TSCDY) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company.

Several research analysts recently issued reports on TSCDY shares. Citigroup restated a “buy” rating on shares of Tesco in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tesco in a research note on Wednesday, December 10th. Jefferies Financial Group lowered shares of Tesco from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Finally, Zacks Research downgraded shares of Tesco from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th.

Tesco Stock Up 4.3%

TSCDY opened at $18.59 on Monday. Tesco has a one year low of $12.16 and a one year high of $19.06. The business’s fifty day moving average is $17.72 and its two-hundred day moving average is $17.73. The company has a current ratio of 0.60, a quick ratio of 0.40 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.