Media stories about Tesco (NASDAQ:TESO) have been trending somewhat positive on Saturday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tesco earned a media sentiment score of 0.00 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 36.9491925318008 out of 100, meaning that recent media coverage is unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Ex-England rugby star jailed over terrifying cocaine-fuelled machete-wielding Halloween rampage on Tesco and KFC (thesun.co.uk)
- Former Salford City Reds captain Malcolm Alker jailed for armed robberies at KFC and Tesco (manchestereveningnews.co.uk)
- Ex-England Rugby League star high on cocaine robbed KFC and Tesco while wielding machete (mirror.co.uk)
- Tesco Jury Prepares for Verdict as Accounting Trial Nears End (bloomberg.com)
- KFC and Tesco machete robberies: Ex-rugby star Malcolm Alker jailed (bbc.com)
Several research firms recently weighed in on TESO. B. Riley reissued a “buy” rating on shares of Tesco in a report on Wednesday, November 1st. Zacks Investment Research raised Tesco from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Cowen set a $5.00 price objective on Tesco and gave the company a “hold” rating in a report on Friday, October 6th. Finally, Goldman Sachs Group raised Tesco from a “neutral” rating to a “buy” rating in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.00.
Shares of Tesco (TESO) remained flat at $$3.70 during midday trading on Friday. The firm has a market capitalization of $173.00, a price-to-earnings ratio of -2.94 and a beta of 1.17. Tesco has a fifty-two week low of $3.60 and a fifty-two week high of $9.65.
Tesco (NASDAQ:TESO) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.01. The firm had revenue of $40.50 million during the quarter, compared to analysts’ expectations of $43.24 million. Tesco had a negative return on equity of 16.27% and a negative net margin of 38.60%. The company’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.37) EPS. equities research analysts anticipate that Tesco will post -0.94 earnings per share for the current fiscal year.
In other Tesco news, CEO Fernando Rafael Assing sold 7,146 shares of Tesco stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $4.20, for a total value of $30,013.20. Following the completion of the transaction, the chief executive officer now directly owns 164,247 shares of the company’s stock, valued at approximately $689,837.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 40,633 shares of company stock valued at $161,340 over the last ninety days. Insiders own 1.70% of the company’s stock.
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Tesco Company Profile
Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company’s operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales.
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