Tesco PLC Downgraded to “Hold” at Deutsche Bank (TSCDY)
Tesco PLC (NASDAQ:TSCDY) was downgraded by Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Tesco PLC (NASDAQ:TSCDY) opened at 12.52 on Thursday. Tesco PLC has a 52 week low of $12.16 and a 52 week high of $18.51. The stock’s 50-day moving average is $13.31 and its 200-day moving average is $14.65. The company has a market cap of $33.700 billion and a price-to-earnings ratio of 20.99.
A number of other analysts have also recently weighed in on TSCDY. Analysts at Shore Capital upgraded shares of Tesco PLC from a “sell” rating to a “hold” rating in a research note on Monday, July 21st. Separately, analysts at Cantor Fitzgerald upgraded shares of Tesco PLC from a “sell” rating to a “buy” rating in a research note on Monday, July 14th. Finally, 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. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company 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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