Tesco (OTCMKTS:TSCDY) Now Covered by Analysts at Erste Group Bank

Key Points

• Erste Group Bank initiated coverage of Tesco and assigned a buy rating in its research note.
• Analyst consensus is skewed positive with five Buy and two Hold ratings (average: Moderate Buy); Zacks recently moved Tesco from "strong sell" to "hold" and Deutsche Bank reiterated a "buy."
• Tesco shares opened at $19.53 (down about 0.1%), trading within a 1‑year range of $14.56–$20.54, with low liquidity ratios (quick 0.39, current 0.59) and a debt‑to‑equity ratio of 0.47.

Research analysts at Erste Group Bank started coverage on shares of Tesco (OTCMKTS:TSCDY - Get Free Report) in a research note issued on Tuesday, MarketBeat reports. The firm set a "buy" rating on the stock.

Several other analysts have also recently commented on the stock. Zacks Research raised shares of Tesco from a "strong sell" rating to a "hold" rating in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Tesco in a report on Monday, April 13th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Tesco Stock Down 0.1%

Shares of Tesco stock opened at $19.53 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. Tesco has a 1-year low of $14.56 and a 1-year high of $20.54. The firm's 50-day moving average price is $19.42 and its two-hundred day moving average price is $18.53.

Tesco Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.