Press coverage about Tesco (NASDAQ:TESO) has been trending somewhat positive on Wednesday, according to Accern. The research group scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tesco earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 43.9573116350428 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Tesco (TESO) traded down $0.25 during trading on Wednesday, reaching $3.70. The company’s stock had a trading volume of 15,653,700 shares, compared to its average volume of 484,356. The stock has a market capitalization of $173.00, a P/E ratio of -2.94 and a beta of 1.17. Tesco has a one year low of $3.60 and a one year high of $9.65.
Several equities analysts recently weighed in on the company. Zacks Investment Research raised Tesco from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. B. Riley reaffirmed a “hold” rating on shares of Tesco in a research note on Friday, December 22nd. Finally, Goldman Sachs Group raised Tesco from a “neutral” rating to a “buy” rating in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $6.00.
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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