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

Tesco PLC (OTCMKTS:TSCDY) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

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

Tesco Trading Up 0.6%

Shares of TSCDY stock opened at $18.56 on Friday. The firm has a 50 day moving average of $18.89 and a 200-day moving average of $19.01. 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 52 week low of $16.60 and a 52 week 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.