Shares of Tesco PLC (OTCMKTS:TSCDY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $16.74 and last traded at $16.35, with a volume of 180382 shares traded. The stock had previously closed at $16.31.
Analyst Ratings Changes
Separately, Morgan Stanley restated an "overweight" rating on shares of Tesco in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Tesco presently has a consensus rating of "Buy".
Check Out Our Latest Research Report on TSCDY
Tesco Price Performance
The business has a fifty day moving average price of $15.17 and a 200-day moving average price of $14.34. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.44.
Tesco Increases Dividend
The firm also recently declared a dividend, which will be paid on Monday, July 7th. Investors of record on Monday, May 19th will be issued a dividend of $0.3636 per share. This represents a yield of 3.44%. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Tesco's previous dividend of $0.17.
About Tesco
(
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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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