Tesco PLC (NASDAQ:TSCDY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.

According to Zacks, “TESCO PLC., is the UK’s largest retailer and one of the world’s leading international retailers. Tesco has reached this position through consistent focus on their four part strategy for growth: Tesco has a strong, growing core UK business offering customers excellent value, choice and convenience; Tesco aims to be as strong in non-food as it is in food; Tesco follows the customer into new areas like retailing services such as financial products (Tesco Personal Finance), internet shopping (Tesco.com) and telecoms (Tesco telecom offers mobile, fixed line and broadband services) & Tesco is a leading international retailer with a long term strategy for growth. Tesco is a multi-format business, operating hypermarkets, superstores, supermarkets and convenience stores. “

TSCDY has been the subject of a number of other reports. BNP Paribas downgraded Tesco PLC from an “outperform” rating to a “neutral” rating in a report on Thursday. Societe Generale reiterated a “sell” rating on shares of Tesco PLC in a report on Tuesday, June 28th. Deutsche Bank AG reiterated a “hold” rating on shares of Tesco PLC in a report on Wednesday, June 29th. Citigroup Inc. reiterated a “buy” rating on shares of Tesco PLC in a report on Friday, June 17th. Finally, HSBC downgraded Tesco PLC from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Tesco PLC currently has an average rating of “Hold” and a consensus price target of $7.75.

Analyst Recommendations for Tesco PLC (NASDAQ:TSCDY)

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/tesco-plc-tscdy-rating-increased-to-hold-at-zacks-investment-research.html

Shares of Tesco PLC (NASDAQ:TSCDY) opened at 7.47 on Friday. The company’s 50-day moving average price is $6.77 and its 200 day moving average price is $6.96. Tesco PLC has a 12-month low of $6.00 and a 12-month high of $9.32. The company has a market cap of $20.24 billion and a price-to-earnings ratio of 113.18.

Tesco PLC Company Profile

Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland, International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand and Turkey, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.

5 Day Chart for NASDAQ:TSCDY

Get a free copy of the Zacks research report on Tesco PLC (TSCDY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Tesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco PLC and related companies with MarketBeat.com's FREE daily email newsletter.