Tesco PLC (OTCMKTS:TSCDY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Tesco PLC (OTCMKTS:TSCDY) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of research analysts have weighed in on TSCDY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tesco in a report on Monday, April 13th. Morgan Stanley started coverage on Tesco in a report on Monday, May 18th. They issued an “overweight” rating on the stock. Citigroup started coverage on Tesco in a report on Tuesday, May 5th. They issued a “buy” rating on the stock. Zacks Research raised Tesco from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Finally, Erste Group Bank started coverage on Tesco in a report on Tuesday, May 5th. They issued a “buy” rating on the stock.

Tesco Stock Up 0.8%

Shares of OTCMKTS:TSCDY opened at $18.35 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. Tesco has a 1 year low of $15.83 and a 1 year high of $20.54. The stock’s fifty day moving average price is $19.00 and its 200-day moving average price is $18.56.

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.