Tesco (OTCMKTS:TSCDY) Stock Rating Lowered by Zacks Research

Tesco (OTCMKTS:TSCDY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

TSCDY has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesco in a research note on Wednesday, December 10th. Jefferies Financial Group downgraded shares of Tesco from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Finally, Citigroup reissued a “buy” rating on shares of Tesco in a report on Thursday, December 11th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Tesco Stock Performance

Shares of OTCMKTS:TSCDY opened at $17.03 on Thursday. Tesco has a 52 week low of $12.16 and a 52 week high of $19.06. The company has a 50-day moving average price of $17.84 and a 200 day moving average price of $17.66. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.60.

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.