Tesco (OTCMKTS:TSCDY) Upgraded by Citigroup to “Strong-Buy”

Tesco (OTCMKTS:TSCDY) was upgraded by research analysts at Citigroup to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

Separately, Sanford C. Bernstein raised shares of Tesco to a “strong-buy” rating in a research note on Tuesday, August 13th.

Tesco Price Performance

Shares of Tesco stock opened at $14.83 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 0.81. The business has a 50-day moving average of $13.38 and a 200 day moving average of $12.14. Tesco has a 12 month low of $9.34 and a 12 month high of $14.83.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.