Tesco (OTCMKTS:TSCDY) Downgraded by JPMorgan Chase & Co. to “Neutral”

JPMorgan Chase & Co. downgraded shares of Tesco (OTCMKTS:TSCDY) from an overweight rating to a neutral rating in a research report sent to investors on Tuesday, Marketbeat.com reports.

TSCDY has been the subject of several other research reports. Morgan Stanley raised their target price on shares of Tesco from GBX 304 ($3.84) to GBX 306 ($3.86) in a report on Thursday, August 31st. Barclays raised their target price on shares of Tesco from GBX 320 ($4.04) to GBX 325 ($4.10) in a report on Friday, August 25th.

Tesco Stock Performance

Shares of Tesco stock opened at $9.62 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.72 and a quick ratio of 0.58. The firm has a fifty day moving average price of $9.69 and a 200 day moving average price of $9.74. Tesco has a 1 year low of $6.54 and a 1 year high of $10.75.

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.