Tesco Corp. Hits New 52-Week High at $21.22 (TESO)
Shares of Tesco Corp. (NASDAQ:TESO) hit a new 52-week high on Friday, American Banking & Market News reports. The company traded as high as $21.22 and last traded at $21.18, with a volume of 181,648 shares trading hands. The stock had previously closed at $20.70.
TESO has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Tesco Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $21.30 price target on the stock. Separately, analysts at Iberia Capital initiated coverage on shares of Tesco Corp. in a research note to investors on Friday, December 20th. They set an “outperform” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Tesco Corp. in a research note to investors on Friday, December 6th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Tesco Corp. currently has a consensus rating of “Hold” and a consensus price target of $270.21.
Tesco Corp. has a 52-week low of $11.05 and a 52-week high of $21.22. The stock’s 50-day moving average is $19.82 and its 200-day moving average is $17.2. The company has a market cap of $826.0 million and a P/E ratio of 18.50.
Tesco Corporation (NASDAQ:TESO) is engaged in designing, manufacturing, and service delivery of technology based solutions for the upstream energy industry.
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