Tesco PLC (OTCMKTS:TSCDY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Tesco PLC (OTCMKTS:TSCDY) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

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

Tesco Stock Performance

TSCDY stock opened at $18.25 on Tuesday. Tesco has a 52 week low of $12.16 and a 52 week high of $20.54. The company has a fifty day simple moving average of $18.75 and a two-hundred day simple moving average of $18.25. 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 Company Profile

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.