Tesco PLC Downgraded to Hold at Oriel Securities Ltd (TSCDY)
Tesco PLC (NASDAQ:TSCDY) was downgraded by research analysts at Oriel Securities Ltd to a “hold” rating in a report released on Wednesday, American Banking & Market News reports.
Shares of Tesco PLC (NASDAQ:TSCDY) opened at 16.785 on Wednesday. Tesco PLC has a 1-year low of $15.10 and a 1-year high of $18.51. The stock has a 50-day moving average of $16.24 and a 200-day moving average of $17.03. The company’s market cap is $45.101 billion.
Several other analysts have also recently commented on the stock. Analysts at Panmure Gordon downgraded shares of Tesco PLC from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Separately, analysts at Sanford C. Bernstein initiated coverage on shares of Tesco PLC in a research note on Tuesday, December 3rd. They set an “underperform” rating on the stock. Finally, analysts at HSBC downgraded shares of Tesco PLC from a “neutral” rating to an “underweight” rating in a research note on Monday, December 2nd. Eight research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Tesco PLC currently has a consensus rating of “Hold”.
Tesco PLC is an international retailer. The activity of the Company is retailing and associated activities in the United Kingdom, the People’s Republic of China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey and the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.