Tesco (OTCMKTS:TSCDY) Hits New 52-Week High - Should You Buy?

Key Points

• Tesco PLC shares reached a new 52-week high of $18.39, with a trading volume of 29,201 shares, reflecting a promising upward trend.
• Wall Street analysts hold a positive outlook on Tesco, with a consensus rating of "Moderate Buy", including three Buy ratings and two Hold ratings.
• The company operates as a grocery retailer across several countries, offering both in-store and online grocery products, bolstered by a strong financial profile with a debt-to-equity ratio of 0.44.

Tesco PLC (OTCMKTS:TSCDY - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $18.39 and last traded at $18.39, with a volume of 29201 shares changing hands. The stock had previously closed at $17.69.

Wall Street Analyst Weigh In

Several analysts have commented on TSCDY shares. Barclays reaffirmed an "overweight" rating on shares of Tesco in a research report on Tuesday, August 26th. Zacks Research raised shares of Tesco to a "hold" rating in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Tesco Stock Performance

The stock's 50 day moving average is $17.45 and its 200 day moving average is $15.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.64.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.

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