Media stories about Tesco (NASDAQ:TESO) have trended somewhat negative on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tesco earned a news sentiment score of 0.00 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 43.4861171507473 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
TESO has been the topic of a number of analyst reports. Goldman Sachs Group upgraded Tesco from a “neutral” rating to a “buy” rating in a report on Monday, December 4th. B. Riley reiterated a “hold” rating on shares of Tesco in a report on Friday, December 22nd. Finally, Zacks Investment Research upgraded Tesco from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.
Shares of Tesco (NASDAQ TESO) traded down $0.25 during trading hours on Wednesday, hitting $3.70. The stock had a trading volume of 15,653,700 shares, compared to its average volume of 484,356. Tesco has a twelve month low of $3.60 and a twelve month high of $9.65. The stock has a market cap of $173.00, a P/E ratio of -2.94 and a beta of 1.17.
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Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company’s operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales.
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