Tesco PLC Given Average Recommendation of “Hold” by Analysts (NASDAQ:TSCDY)
Tesco PLC (NASDAQ:TSCDY) has earned an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, Analyst RN reports. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank downgraded shares of Tesco PLC from a “buy” rating to a “hold” rating in a research note on Thursday, August 28th. Separately, 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. Finally, 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.
Tesco PLC (NASDAQ:TSCDY) opened at 11.518 on Wednesday. Tesco PLC has a one year low of $11.36 and a one year high of $18.51. The stock’s 50-day moving average is $13.01 and its 200-day moving average is $14.54. The company has a market cap of $31.003 billion and a price-to-earnings ratio of 19.20.
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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