Tesco PLC (OTCMKTS:TSCDY) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Tesco PLC (OTCMKTS:TSCDY) have been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

A number of research firms have commented on TSCDY. Erste Group Bank started coverage on Tesco in a research report on Tuesday, May 5th. They issued a “buy” rating on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a report on Monday, July 6th. Finally, Citigroup began coverage on Tesco in a research report on Tuesday, May 5th. They set a “buy” rating for the company.

Tesco Price Performance

TSCDY opened at $18.47 on Friday. Tesco has a one year low of $16.65 and a one year high of $20.54. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average price is $18.93 and its 200 day moving average price is $19.04.

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.