Tesco (OTCMKTS:TSCDY) Coverage Initiated by Analysts at Royal Bank of Canada

Royal Bank of Canada started coverage on shares of Tesco (OTCMKTS:TSCDY) in a research report released on Tuesday morning, Marketbeat reports. The firm issued a sector perform rating on the stock.

A number of other brokerages also recently commented on TSCDY. Citigroup upgraded Tesco to a “strong-buy” rating in a research report on Friday, September 13th. Sanford C. Bernstein upgraded Tesco to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, BNP Paribas began coverage on shares of Tesco in a report on Friday, October 18th. They issued an “outperform” rating for the company.

Tesco Price Performance

OTCMKTS TSCDY opened at $13.32 on Tuesday. Tesco has a 12 month low of $10.25 and a 12 month high of $14.85. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The company’s 50 day simple moving average is $14.04 and its 200 day simple moving average is $13.08.

Tesco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, October 15th will be given a $0.1692 dividend. The ex-dividend date of this dividend is Tuesday, October 15th.

About Tesco

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.