Tesco PLC (OTCMKTS:TSCDY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Tesco PLC (OTCMKTS:TSCDY) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company.

A number of analysts have commented on the stock. Citigroup reiterated a “buy” rating on shares of Tesco in a research note on Thursday, December 11th. Zacks Research cut shares of Tesco from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a report on Wednesday, December 10th. Finally, Jefferies Financial Group lowered Tesco from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th.

Tesco Price Performance

Tesco stock opened at $17.44 on Monday. The firm has a 50-day moving average of $17.71 and a 200-day moving average of $17.72. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.60. Tesco has a one year low of $12.16 and a one year high of $19.06.

Tesco Company Profile

Tesco PLC is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, Hertfordshire. Founded in 1919 by Jack Cohen as a market stall, the company expanded into a nationwide chain of supermarkets and has grown into one of the largest retailers in the United Kingdom. Tesco operates a range of store formats designed to serve different customer needs, including large-format hypermarkets, standard supermarkets and smaller convenience stores, along with an extensive online grocery and home delivery service.

The company’s core activities include the retail sale of food and non-food products, development and distribution of own-label ranges (from value to premium), and provision of convenience and fuel forecourt services.