Tesco (OTCMKTS:TSCDY) Shares Gap Down – Time to Sell?

Tesco PLC (OTCMKTS:TSCDY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $17.94, but opened at $17.25. Tesco shares last traded at $18.0150, with a volume of 769 shares.

Analyst Upgrades and Downgrades

TSCDY has been the topic of a number of analyst reports. Citigroup reiterated a “buy” rating on shares of Tesco in a report on Thursday, December 11th. Jefferies Financial Group downgraded Tesco from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a report on Wednesday, December 10th. Finally, Zacks Research cut shares of Tesco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Tesco Trading Up 0.7%

The company has a 50-day moving average of $18.05 and a 200-day moving average of $17.53. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.60.

Tesco Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, December 1st. Investors of record on Monday, October 13th were paid a $0.1906 dividend. The ex-dividend date was Friday, October 10th. This represents a yield of 315.0%.

About Tesco

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.