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

Shares of Tesco PLC (OTCMKTS:TSCDY) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

A number of brokerages have recently weighed in on TSCDY. Citigroup began coverage on Tesco in a research note on Tuesday, May 5th. They set a “buy” rating on the stock. Erste Group Bank started coverage on shares of Tesco in a research report on Tuesday, May 5th. They issued a “buy” rating for the company. Morgan Stanley began coverage on shares of Tesco in a research note on Monday, May 18th. They issued an “overweight” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tesco in a research report on Monday, April 13th.

Tesco Stock Up 0.4%

Shares of OTCMKTS:TSCDY opened at $18.45 on Thursday. The business’s 50-day moving average is $18.61 and its 200 day moving average is $18.61. Tesco has a 1 year low of $16.27 and a 1 year high of $20.54. 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 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.