Tesco (OTCMKTS:TSCDY) Hits New 1-Year High – What’s Next?

Tesco PLC (OTCMKTS:TSCDY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $20.31 and last traded at $20.28, with a volume of 42285 shares traded. The stock had previously closed at $20.17.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TSCDY shares. Jefferies Financial Group lowered shares of Tesco from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Citigroup restated a “buy” rating on shares of Tesco in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a research note on Wednesday, December 10th. Finally, Zacks Research upgraded shares of Tesco from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Tesco Stock Down 1.7%

The company has a fifty day moving average price of $18.20 and a 200-day moving average price of $18.01. The company has a quick ratio of 0.40, a current ratio of 0.60 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.