Tesco (OTCMKTS:TSCDY) Sets New 1-Year High – Here’s What Happened

Tesco PLC (OTCMKTS:TSCDY) shares reached a new 52-week high on Tuesday . The stock traded as high as $20.10 and last traded at $20.0650, with a volume of 144811 shares traded. The stock had previously closed at $20.08.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup reissued a “buy” rating on shares of Tesco in a research report on Thursday, December 11th. Jefferies Financial Group downgraded Tesco from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Zacks Research lowered Tesco from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a research note on Wednesday, December 10th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Tesco Price Performance

The business’s 50 day moving average price is $17.87 and its 200-day moving average price is $17.85. The company has a quick ratio of 0.40, a current ratio of 0.60 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.