Tesco (OTCMKTS:TSCDY) Rating Increased to Hold at Zacks Research

Key Points

• Tesco has been upgraded to a "hold" rating by Zacks Research, with two analysts also giving it a "buy" rating and one a "strong buy".
• The stock is currently down 0.3%, trading at $16.95, with a fifty-two week range of $12.16 to $17.68.
• Current ratings show a consensus of "Moderate Buy", indicating a generally positive outlook on Tesco's stock performance.

Tesco (OTCMKTS:TSCDY - Get Free Report) was upgraded by equities research analysts at Zacks Research to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Morgan Stanley reiterated an "overweight" rating on shares of Tesco in a report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Tesco Stock Down 0.3%

TSCDY traded down $0.05 during trading hours on Tuesday, reaching $16.95. The company's stock had a trading volume of 28,573 shares, compared to its average volume of 430,323. The business's 50-day moving average is $16.70 and its 200-day moving average is $15.16. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. Tesco has a fifty-two week low of $12.16 and a fifty-two week high of $17.68.

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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