Shares of Tesco PLC (OTCMKTS:TSCDY – Get Free Report) saw unusually-strong trading volume on Thursday . 433,201 shares were traded during mid-day trading, an increase of 5% from the previous session’s volume of 414,074 shares.The stock last traded at $18.67 and had previously closed at $18.78.
Analyst Upgrades and Downgrades
TSCDY has been the subject of several analyst reports. Citigroup began coverage on shares of Tesco in a research note on Tuesday, May 5th. They issued a “buy” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a report on Monday, July 6th. Finally, Erste Group Bank initiated coverage on Tesco in a research note on Tuesday, May 5th. They set a “buy” rating for the company. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.
View Our Latest Stock Analysis on TSCDY
Tesco Price Performance
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.
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