Tesco PLC (OTCMKTS:TSCDY) Given Consensus Recommendation of “Moderate Buy” by Analysts

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

Several brokerages have recently issued reports on TSCDY. Citigroup began coverage on Tesco in a report on Tuesday, May 5th. They set a “buy” rating on the stock. Zacks Research upgraded shares of Tesco from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Erste Group Bank began coverage on shares of Tesco in a research note on Tuesday, May 5th. They set a “buy” rating on the stock. Morgan Stanley assumed coverage on shares of Tesco in a research report on Monday. They set an “overweight” rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesco in a report on Monday, April 13th.

Tesco Price Performance

Shares of Tesco stock opened at $18.46 on Wednesday. The stock has a 50 day moving average of $19.25 and a 200 day moving average of $18.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.39. Tesco has a 12 month low of $15.32 and a 12 month 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.