Tesco PLC (OTCMKTS:TSCDY) Receives Average Rating of “Moderate Buy” from Brokerages

Tesco PLC (OTCMKTS:TSCDY) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

Several equities research analysts recently weighed in on TSCDY shares. Jefferies Financial Group cut shares of Tesco from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Zacks Research raised Tesco from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Citigroup restated a “buy” rating on shares of Tesco in a research note on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a research note on Wednesday, December 10th.

Tesco Stock Down 1.8%

OTCMKTS:TSCDY opened at $19.75 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45. Tesco has a one year low of $12.16 and a one year high of $20.54. The company has a fifty day moving average price of $18.24 and a 200 day moving average price of $18.02.

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.