Shares of Tesco PLC (OTCMKTS:TSCDY – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.
Separately, Erste Group Bank cut Tesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th.
View Our Latest Stock Analysis on Tesco
Tesco Price Performance
TSCDY opened at $21.63 on Wednesday. Tesco has a 12-month low of $16.65 and a 12-month high of $22.09. The business has a 50 day moving average of $19.88 and a 200-day moving average of $19.13. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.
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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