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

Shares of Tesco PLC (OTCMKTS:TSCDYGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

A number of brokerages recently weighed in on TSCDY. Erste Group Bank downgraded shares of Tesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a research note on Monday, July 6th.

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Tesco Stock Down 1.0%

TSCDY stock opened at $19.16 on Tuesday. The stock’s 50 day simple moving average is $19.13 and its 200 day simple moving average is $18.97. Tesco has a 12-month low of $16.65 and a 12-month high of $20.54. 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

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Tesco plc is a multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company operates supermarkets, convenience stores and online grocery services, offering food, household products, clothing and other everyday consumer goods.

Tesco serves customers primarily in the United Kingdom and also operates retail businesses in the Republic of Ireland, the Czech Republic, Hungary and Slovakia. Through Booker, its wholesale business, the company supplies groceries and other products to independent retailers, caterers and hospitality businesses.

The company traces its origins to 1919, when Jack Cohen began selling groceries from a market stall in London.

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Analyst Recommendations for Tesco (OTCMKTS:TSCDY)

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