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

Tesco PLC (OTCMKTS:TSCDY) has been given an average rating of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

TSCDY has been the subject of a number of research reports. Zacks Research upgraded Tesco from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Citigroup reissued a “buy” rating on shares of Tesco in a report on Thursday, December 11th. Jefferies Financial Group lowered Tesco from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tesco in a research report on Wednesday, December 10th.

Tesco Price Performance

OTCMKTS TSCDY opened at $18.95 on Friday. 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 has a one year low of $12.16 and a one year high of $20.54. The company has a 50-day simple moving average of $18.31 and a 200-day simple moving average of $18.08.

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.