Tesco PLC (OTCMKTS:TSCDY) Receives Consensus Rating of “Moderate Buy” from Analysts

Tesco PLC (OTCMKTS:TSCDY) has earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of equities analysts have issued reports on TSCDY shares. Morgan Stanley began coverage on shares of Tesco in a research report on Monday, May 18th. They set an “overweight” rating for the company. Erste Group Bank assumed coverage on shares of Tesco in a report on Tuesday, May 5th. They issued a “buy” rating on the stock. Citigroup initiated coverage on shares of Tesco in a report on Tuesday, May 5th. They set a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesco in a research report on Monday, April 13th.

Tesco Trading Up 0.4%

Tesco stock opened at $18.45 on Thursday. The stock has a 50-day moving average price of $18.61 and a 200 day moving average price of $18.61. Tesco has a 52 week low of $16.27 and a 52 week high of $20.54. 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 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.