Tesco (OTCMKTS:TSCDY) Sets New 52-Week High – Here’s What Happened

Tesco PLC (OTCMKTS:TSCDY – Get Free Report) reached a new 52-week high during trading on Monday. The company traded as high as $22.0450 and last traded at $22.0450, with a volume of 6,724 shares traded. The stock had previously closed at $21.37.

Analysts Set New Price Targets

TSCDY has been the topic of several research reports. Erste Group Bank lowered Tesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Morgan Stanley reissued an “overweight” rating on shares of Tesco in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Get Our Latest Stock Report on Tesco

Tesco Stock Up 1.7%

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 $19.76 and a 200-day simple moving average of $19.08.

Tesco Company Profile

(Get Free Report)

Tesco plc is a multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company operates supermarkets, hypermarkets, convenience stores and online grocery services, selling fresh food, packaged groceries, household products, clothing and other general merchandise. Tesco also operates fuel stations and offers loyalty benefits through its Clubcard program.

Founded in 1919 by Jack Cohen as a market stall business, Tesco has grown into one of the United Kingdom’s largest retailers.

Further Reading

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