Tesco PLC Upgraded to “Buy” at Cantor Fitzgerald (TSCDY)
Tesco PLC (NASDAQ:TSCDY) traded up 1.81% during mid-day trading on Monday, hitting $14.62. 81,365 shares of the company’s stock traded hands. Tesco PLC has a 52 week low of $13.98 and a 52 week high of $18.51. The stock’s 50-day moving average is $14.80 and its 200-day moving average is $15.38. The company has a market cap of $39.352 billion and a price-to-earnings ratio of 23.12.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas downgraded shares of Tesco PLC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. 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. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Tesco PLC presently has a consensus rating of “Hold”.
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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