Tesco PLC (OTCMKTS:TSCDY – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $20.5550 and last traded at $20.49, with a volume of 4,462 shares traded. The stock had previously closed at $20.29.
Analyst Ratings Changes
A number of brokerages have commented on TSCDY. Erste Group Bank downgraded Tesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on Tesco
Tesco Stock Performance
Tesco Company Profile
Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company serves customers through supermarkets, superstores, convenience stores and online grocery channels, offering food, household products, clothing, health and beauty items, and other general merchandise. Tesco also operates fuel stations and provides selected financial and mobile services through associated businesses and partnerships.
Tesco’s operations are concentrated in the United Kingdom and the Republic of Ireland, with additional stores in the Czech Republic, Hungary and Slovakia.
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