Tesco (TSCDY) Expected to Post Earnings on Thursday

Tesco (OTCMKTS:TSCDY) is expected to be releasing its results before the market opens on Thursday, October 8th. Analysts expect the company to announce earnings of $0.6360 per share and revenue of $49.5609 billion for the quarter.

Tesco Stock Up 0.3%

Shares of TSCDY stock opened at $18.74 on Wednesday. The firm has a fifty day moving average of $19.05 and a two-hundred day moving average of $18.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.39. Tesco has a 1-year low of $16.65 and a 1-year high of $20.54.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TSCDY shares. Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a research note on Monday, July 6th. Erste Group Bank cut shares of Tesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About Tesco

Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company serves customers through supermarkets, superstores, convenience stores and online grocery channels, offering food, household products, clothing, health and beauty items, and other general merchandise. Tesco also operates fuel stations and provides selected financial and mobile services through associated businesses and partnerships.

Tesco’s operations are concentrated in the United Kingdom and the Republic of Ireland, with additional stores in the Czech Republic, Hungary and Slovakia.