Tesco (OTCMKTS:TSCDY) Hits New 52-Week High – What’s Next?

Tesco PLC (OTCMKTS:TSCDY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $19.06 and last traded at $19.0350, with a volume of 187170 shares trading hands. The stock had previously closed at $18.98.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TSCDY. Zacks Research downgraded shares of Tesco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Barclays reiterated an “overweight” rating on shares of Tesco in a report on Tuesday, August 26th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Tesco presently has a consensus rating of “Moderate Buy”.

Tesco Price Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.64 and a quick ratio of 0.44. The firm’s 50 day moving average price is $18.11 and its two-hundred day moving average price is $16.96.

Tesco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, October 13th will be issued a dividend of $0.1906 per share. The ex-dividend date is Friday, October 10th. This represents a dividend yield of 315.0%.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.