Somewhat Favorable News Coverage Somewhat Unlikely to Affect Tesco (TESO) Stock Price

Headlines about Tesco (NASDAQ:TESO) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tesco earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 43.9573116350428 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Several brokerages recently weighed in on TESO. B. Riley reaffirmed a “hold” rating on shares of Tesco in a research note on Friday, December 22nd. Goldman Sachs upgraded Tesco from a “neutral” rating to a “buy” rating in a research report on Monday, December 4th. Finally, Zacks Investment Research upgraded Tesco from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $6.00.

Shares of Tesco stock opened at $3.70 on Thursday. The stock has a market capitalization of $173.00, a PE 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.

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Tesco Company Profile

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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