Tesco (OTCMKTS:TSCDY) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Tesco (OTCMKTS:TSCDY) from a hold rating to a strong sell rating in a research note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also issued reports about the company. Jefferies Financial Group lowered shares of Tesco from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tesco in a research report on Wednesday, December 10th. Finally, Citigroup reissued a “buy” rating on shares of Tesco in a research report on Thursday, December 11th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Tesco Price Performance

Shares of OTCMKTS:TSCDY opened at $17.03 on Thursday. Tesco has a 52-week low of $12.16 and a 52-week high of $19.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.60. The business has a fifty day moving average of $17.84 and a two-hundred day moving average of $17.67.

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.