Zacks Investment Research upgraded shares of Tesco (OTCMKTS:TSCDY) from a hold rating to a buy rating in a report issued on Thursday morning. They currently have $9.75 price objective on the stock.
According to Zacks, “TESCO PLC., is the UK’s largest retailer and one of the world’s leading international retailers. Tesco has reached this position through consistent focus on their four part strategy for growth: Tesco has a strong, growing core UK business offering customers excellent value, choice and convenience; Tesco aims to be as strong in non-food as it is in food; Tesco follows the customer into new areas like retailing services such as financial products (Tesco Personal Finance), internet shopping (Tesco.com) and telecoms (Tesco telecom offers mobile, fixed line and broadband services) & Tesco is a leading international retailer with a long term strategy for growth. Tesco is a multi-format business, operating hypermarkets, superstores, supermarkets and convenience stores. “
TSCDY has been the subject of a number of other research reports. Goldman Sachs upgraded Tesco from a sell rating to a buy rating in a research report on Tuesday, December 5th. Barclays reiterated an overweight rating on shares of Tesco in a research report on Tuesday, March 6th. Finally, Jefferies Group upgraded Tesco from a hold rating to a buy rating in a research report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $9.75.
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Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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