Tesco (OTCMKTS:TSCDY) Reaches New 12-Month High – Still a Buy?

Tesco PLC (OTCMKTS:TSCDY – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday. The company traded as high as $21.86 and last traded at $21.83, with a volume of 3,066 shares traded. The stock had previously closed at $21.65.

Wall Street Analyst Weigh In

TSCDY has been the subject of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of Tesco in a research note on Monday, July 6th. Erste Group Bank lowered Tesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Read Our Latest Analysis on Tesco

Tesco Price Performance

The business’s fifty day moving average is $19.23 and its 200-day moving average is $19.07. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.47.

Tesco Company Profile

(Get Free Report)

Tesco plc is a multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company operates supermarkets, hypermarkets, convenience stores and online grocery services, selling fresh food, packaged groceries, household products, clothing and other general merchandise. Tesco also operates fuel stations and offers loyalty benefits through its Clubcard program.

Founded in 1919 by Jack Cohen as a market stall business, Tesco has grown into one of the United Kingdom’s largest retailers.

Further Reading

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