Tesco PLC (OTCMKTS:TSCDY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Tesco PLC (OTCMKTS:TSCDY) has been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of analysts recently issued reports on the stock. Erste Group Bank began coverage on shares of Tesco in a report on Tuesday, May 5th. They set a “buy” rating for the company. Citigroup started coverage on shares of Tesco in a research report on Tuesday, May 5th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesco in a research note on Monday, April 13th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a research note on Monday, July 6th.

Tesco Price Performance

Shares of Tesco stock opened at $19.29 on Monday. Tesco has a 1 year low of $16.47 and a 1 year high of $20.54. 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 stock has a fifty day moving average price of $18.55 and a 200-day moving average price of $18.75.

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.