Tesco PLC (OTCMKTS:TSCDY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Tesco PLC (OTCMKTS:TSCDY) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

TSCDY has been the subject of several research analyst reports. Citigroup initiated coverage on Tesco in a report on Tuesday, May 5th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesco in a report on Monday, April 13th. Morgan Stanley initiated coverage on Tesco in a report on Monday, May 18th. They set an “overweight” rating for the company. Erste Group Bank initiated coverage on Tesco in a research note on Tuesday, May 5th. They issued a “buy” rating for the company. Finally, Zacks Research raised Tesco from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th.

Tesco Trading Up 0.8%

OTCMKTS TSCDY opened at $18.35 on Friday. The business has a 50 day simple moving average of $19.00 and a two-hundred day simple moving average of $18.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.39 and a current ratio of 0.59. Tesco has a 1-year low of $15.83 and a 1-year 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.