Tesco PLC (OTCMKTS:TSCDY – Get Free Report) hit a new 52-week high on Monday. The company traded as high as $22.0450 and last traded at $22.0450, with a volume of 6,724 shares changing hands. The stock had previously closed at $21.37.
Analyst Upgrades and Downgrades
Separately, Erste Group Bank lowered shares of Tesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on Tesco
Tesco Stock Down 1.9%
The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average is $19.88 and its 200-day moving average is $19.13.
About Tesco
Tesco plc is a multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company operates supermarkets, hypermarkets, convenience stores and online grocery services, selling fresh food, packaged groceries, household products, clothing and other general merchandise. Tesco also operates fuel stations and offers loyalty benefits through its Clubcard program.
Founded in 1919 by Jack Cohen as a market stall business, Tesco has grown into one of the United Kingdom’s largest retailers.
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