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

Tesco PLC (OTCMKTS:TSCDY) has been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a research note on Monday, April 13th. Erste Group Bank began coverage on shares of Tesco in a report on Tuesday, May 5th. They issued a “buy” rating on the stock. Citigroup initiated coverage on shares of Tesco in a report on Tuesday, May 5th. They set a “buy” rating for the company. Finally, Zacks Research upgraded shares of Tesco from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th.

Tesco Price Performance

TSCDY opened at $18.69 on Wednesday. The business has a fifty day moving average price of $19.30 and a 200 day moving average price of $18.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.39. Tesco has a 12 month low of $14.56 and a 12 month high of $20.54.

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.