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

Tesco PLC (OTCMKTS:TSCDY) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

TSCDY has been the topic of several analyst reports. Erste Group Bank lowered shares of Tesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a research report on Monday, July 6th.

Tesco Price Performance

OTCMKTS:TSCDY opened at $19.55 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average price of $19.10 and a 200-day moving average price of $18.97. Tesco has a 1-year low of $16.65 and a 1-year high of $20.54.

Tesco Company Profile

Tesco plc is a multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company operates supermarkets, convenience stores and online grocery services, offering food, household products, clothing and other everyday consumer goods.

Tesco serves customers primarily in the United Kingdom and also operates retail businesses in the Republic of Ireland, the Czech Republic, Hungary and Slovakia. Through Booker, its wholesale business, the company supplies groceries and other products to independent retailers, caterers and hospitality businesses.

The company traces its origins to 1919, when Jack Cohen began selling groceries from a market stall in London.