Tesco PLC (OTCMKTS:TSCDY) Given Consensus Rating of “Moderate Buy” by Analysts

Tesco PLC (OTCMKTS:TSCDY – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

Several research firms have commented on TSCDY. Citigroup began coverage on shares of Tesco in a report on Tuesday, May 5th. They issued a “buy” rating on the stock. Erste Group Bank initiated coverage on shares of Tesco in a report on Tuesday, May 5th. They set a “buy” rating for the company. Finally, Morgan Stanley reissued an “overweight” rating on shares of Tesco in a report on Monday, July 6th.

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Tesco Trading Up 0.6%

Shares of OTCMKTS:TSCDY opened at $18.56 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.39 and a current ratio of 0.59. The company’s 50 day moving average price is $18.89 and its two-hundred day moving average price is $19.01. Tesco has a 12-month low of $16.60 and a 12-month high of $20.54.

Tesco Company Profile

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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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