BNP Paribas Downgrades Tesco PLC to Neutral (TSCDY)
Tesco PLC (NASDAQ:TSCDY) was downgraded by investment analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald reiterated a “sell” rating on shares of Tesco PLC in a research note on Thursday, May 29th. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Tesco PLC in a research note on Thursday, May 29th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tesco PLC in a research note on Tuesday, May 27th. Eight research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold”.
Tesco PLC (NASDAQ:TSCDY) traded down 1.47% on Tuesday, hitting $14.77. 104,329 shares of the company’s stock traded hands. Tesco PLC has a 1-year low of $13.98 and a 1-year high of $18.51. The stock’s 50-day moving average is $14.97 and its 200-day moving average is $15.52. The company has a market cap of $39.756 billion and a P/E ratio of 24.37.
Tesco PLC, incorporated on November 27, 1947, is engaged in retailing and associated activities in the United Kingdom, China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand and Turkey.
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