Tesco (OTCMKTS:TSCDY) Sees Unusually-High Trading Volume – Should You Buy?

Tesco PLC (OTCMKTS:TSCDY) saw an uptick in trading volume on Friday . 2,571,665 shares changed hands during mid-day trading, an increase of 459% from the previous session’s volume of 459,878 shares.The stock last traded at $19.30 and had previously closed at $19.75.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Zacks Research raised Tesco from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Jefferies Financial Group cut shares of Tesco from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tesco in a research report on Wednesday, December 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of Tesco in a research note on Thursday, December 11th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Tesco Price Performance

The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average price is $18.24 and its 200-day moving average price is $18.02.

Tesco Company Profile

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.