Tesco (TSCDY) to Release Quarterly Earnings on Thursday

Tesco (OTCMKTS:TSCDY) is expected to be issuing its resultson Thursday, April 16th. Analysts expect the company to announce earnings of $0.5360 per share and revenue of $48.7033 billion for the quarter.

Tesco Stock Up 2.3%

Shares of OTCMKTS TSCDY opened at $19.76 on Thursday. Tesco has a 1 year low of $12.16 and a 1 year high of $20.54. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.45. The stock’s 50-day simple moving average is $19.12 and its 200-day simple moving average is $18.33.

Wall Street Analysts Forecast Growth

TSCDY has been the topic of a number of analyst reports. Zacks Research raised Tesco from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Jefferies Financial Group lowered Tesco from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tesco in a report on Wednesday, December 10th. Finally, Citigroup reissued a “buy” rating on shares of Tesco in a report on Thursday, December 11th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.