Tesco PLC (OTCMKTS:TSCDY) Given Consensus Rating of “Moderate Buy” by Brokerages

Tesco PLC (OTCMKTS:TSCDY) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

TSCDY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tesco in a report on Wednesday, December 10th. Zacks Research upgraded shares of Tesco from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Citigroup reaffirmed a “buy” rating on shares of Tesco in a research note on Thursday, December 11th. Finally, Jefferies Financial Group cut shares of Tesco from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th.

Tesco Price Performance

OTCMKTS:TSCDY opened at $18.55 on Tuesday. The business’s fifty day moving average is $18.81 and its 200 day moving average is $18.27. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45. Tesco has a 52-week low of $12.16 and a 52-week high of $20.54.

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.