Tesco Corp. Reaches New 12-Month High at $21.53 (TESO)
Tesco Corp. (NASDAQ:TESO)’s share price reached a new 52-week high on Tuesday , American Banking & Market News reports. The stock traded as high as $21.53 and last traded at $21.17, with a volume of 226,983 shares. The stock had previously closed at $20.72.
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 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 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 on Friday, December 6th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $259.73.
The stock has a 50-day moving average of $20.25 and a 200-day moving average of $17.8. The company has a market cap of $827.1 million and a P/E ratio of 18.52.
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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