Tesco PLC (OTCMKTS:TSCDY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Tesco PLC (OTCMKTS:TSCDY) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

A number of brokerages recently commented on TSCDY. Zacks Research upgraded Tesco from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a research note on Monday, April 13th.

Tesco Stock Performance

Shares of TSCDY opened at $20.19 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $19.45 and a two-hundred day moving average of $18.46. Tesco has a one year low of $14.28 and a one year high of $20.54.

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.