Tesco PLC (OTCMKTS:TSCDY) Receives Consensus Rating of “Moderate Buy” from Analysts

Tesco PLC (OTCMKTS:TSCDY) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company.

A number of research analysts have recently weighed in on TSCDY shares. Citigroup started coverage on Tesco in a report on Tuesday, May 5th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tesco in a research report on Monday, April 13th. Erste Group Bank assumed coverage on shares of Tesco in a research note on Tuesday, May 5th. They issued a “buy” rating for the company. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a report on Monday, July 6th.

Tesco Stock Performance

TSCDY opened at $19.29 on Monday. Tesco has a fifty-two week low of $16.47 and a fifty-two week high of $20.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.39 and a current ratio of 0.59. The company’s 50-day moving average is $18.55 and its 200 day moving average is $18.75.

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.