Tesco (OTCMKTS:TSCDY) Hits New 12-Month High – Still a Buy?

Tesco PLC (OTCMKTS:TSCDY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $20.10 and last traded at $20.0650, with a volume of 144811 shares traded. The stock had previously closed at $20.08.

Wall Street Analyst Weigh In

TSCDY has been the subject of several research analyst reports. Citigroup restated a “buy” rating on shares of Tesco in a research report on Thursday, December 11th. Jefferies Financial Group downgraded shares of Tesco from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Zacks Research raised shares of Tesco from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesco in a research report on Wednesday, December 10th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Tesco Price Performance

The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average is $17.96 and its 200-day moving average is $17.88.

About Tesco

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.