Tesco (OTCMKTS:TSCDY) Sees Strong Trading Volume – Time to Buy?

Shares of Tesco PLC (OTCMKTS:TSCDY) saw strong trading volume on Friday . 2,571,665 shares were traded during mid-day trading, an increase of 459% from the previous session’s volume of 459,878 shares.The stock last traded at $19.30 and had previously closed at $19.75.

Analyst Ratings Changes

A number of research firms have recently issued reports on TSCDY. Zacks Research raised shares of Tesco from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tesco in a research report on Wednesday, December 10th. Citigroup reissued a “buy” rating on shares of Tesco in a research report on Thursday, December 11th. Finally, Jefferies Financial Group cut Tesco from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Tesco Price Performance

The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average price of $18.24 and a 200-day moving average price of $18.02.

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.