Tesco (OTCMKTS:TSCDY) Rating Lowered to Strong Sell at Zacks Research

Tesco (OTCMKTS:TSCDY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

TSCDY has been the topic of several other reports. Jefferies Financial Group cut shares of Tesco from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tesco in a research report on Wednesday, December 10th. Finally, Citigroup restated a “buy” rating on shares of Tesco in a research note on Thursday, December 11th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Tesco Stock Down 1.2%

Shares of TSCDY opened at $17.03 on Thursday. The company has a 50 day moving average of $17.84 and a 200-day moving average of $17.66. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.45. Tesco has a twelve month low of $12.16 and a twelve month high of $19.06.

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.