Tesco PLC (OTCMKTS:TSCDY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Tesco PLC (OTCMKTS:TSCDY) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

A number of equities analysts have weighed in on TSCDY shares. Morgan Stanley reissued an “overweight” rating on shares of Tesco in a research report on Monday, July 6th. Erste Group Bank cut shares of Tesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th.

Tesco Trading Up 1.7%

TSCDY stock opened at $19.48 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.39 and a current ratio of 0.59. Tesco has a 1-year low of $16.65 and a 1-year high of $20.54. The business has a fifty day moving average price of $19.14 and a 200-day moving average price of $18.97.

About Tesco

Tesco plc is a multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company operates supermarkets, convenience stores and online grocery services, offering food, household products, clothing and other everyday consumer goods.

Tesco serves customers primarily in the United Kingdom and also operates retail businesses in the Republic of Ireland, the Czech Republic, Hungary and Slovakia. Through Booker, its wholesale business, the company supplies groceries and other products to independent retailers, caterers and hospitality businesses.

The company traces its origins to 1919, when Jack Cohen began selling groceries from a market stall in London.