Shares of Tesco PLC (OTCMKTS:TSCDY – Get Free Report) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.
Separately, Erste Group Bank downgraded Tesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th.
View Our Latest Research Report on TSCDY
Tesco Stock Down 0.6%
Tesco stock opened at $22.20 on Wednesday. Tesco has a 52 week low of $16.65 and a 52 week high of $22.96. The business’s 50-day moving average price is $20.24 and its 200 day moving average price is $19.26. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.
About Tesco
Tesco PLC is a British retailer best known for its supermarkets and grocery stores. Its business includes large-format stores, convenience shops and online grocery services, offering food, household essentials, clothing and other general merchandise. The company also sells products under its own brands, including F&F clothing. Tesco serves customers primarily in the United Kingdom and Ireland, with retail operations in the Czech Republic, Hungary and Slovakia. In the UK, its businesses also include Booker, a food and drink wholesaler serving retailers, caterers and other organizations.
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