Tesco (OTCMKTS:TSCDY) Sets New 1-Year High – Here’s What Happened

Shares of Tesco PLC (OTCMKTS:TSCDY) reached a new 52-week high on Tuesday . The stock traded as high as $19.06 and last traded at $19.0350, with a volume of 187170 shares traded. The stock had previously closed at $18.98.

Analysts Set New Price Targets

TSCDY has been the topic of several recent analyst reports. Zacks Research lowered shares of Tesco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Barclays reiterated an “overweight” rating on shares of Tesco in a research note on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Tesco Stock Performance

The firm’s 50-day simple moving average is $18.14 and its 200 day simple moving average is $16.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.64.

Tesco Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, October 13th will be paid a dividend of $0.1906 per share. This represents a dividend yield of 315.0%. The ex-dividend date of this dividend is Friday, October 10th.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.