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

Tesco PLC (OTCMKTS:TSCDY) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

Several brokerages recently issued reports on TSCDY. Citigroup began coverage on shares of Tesco in a research report on Tuesday, May 5th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesco in a research report on Monday, April 13th. Erste Group Bank began coverage on shares of Tesco in a research report on Tuesday, May 5th. They set a “buy” rating on the stock. Finally, Morgan Stanley began coverage on shares of Tesco in a research report on Monday, May 18th. They set an “overweight” rating on the stock.

Tesco Trading Up 0.2%

TSCDY opened at $19.06 on Friday. The firm’s 50-day simple moving average is $19.01 and its 200-day simple moving average is $18.60. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. Tesco has a twelve month low of $16.22 and a twelve month high of $20.54.

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.