Tesco PLC (OTCMKTS:TSCDY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Tesco PLC (OTCMKTS:TSCDY) have been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

Several equities analysts recently commented on the stock. Citigroup assumed coverage on shares of Tesco in a research report on Tuesday, May 5th. They issued a “buy” rating for the company. Erste Group Bank initiated coverage on shares of Tesco in a research note on Tuesday, May 5th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a research note on Monday, April 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Tesco in a report on Monday.

Tesco Stock Performance

Shares of OTCMKTS TSCDY opened at $19.08 on Thursday. Tesco has a fifty-two week low of $16.37 and a fifty-two week high of $20.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.39. The business has a 50-day simple moving average of $18.52 and a two-hundred day simple moving average of $18.65.

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.