Erste Group Bank Initiates Coverage on Tesco (OTCMKTS:TSCDY)

Stock analysts at Erste Group Bank assumed coverage on shares of Tesco (OTCMKTS:TSCDY) in a report released on Tuesday, Marketbeat reports. The firm set a “buy” rating on the stock.

TSCDY has been the subject of a number of other research reports. Zacks Research raised shares of Tesco from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tesco in a research report on Monday, April 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Tesco Trading Down 0.1%

Shares of TSCDY stock opened at $19.53 on Tuesday. Tesco has a 12-month low of $14.56 and a 12-month high of $20.54. The firm has a fifty day moving average of $19.42 and a 200-day moving average of $18.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.39.

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.