Tesco (OTCMKTS:TSCDY) Hits New 1-Year High - Should You Buy?

Tesco PLC (OTCMKTS:TSCDY - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as $16.74 and last traded at $16.35, with a volume of 180382 shares. 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 equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Tesco has an average rating of "Buy".

Tesco Stock Up 0.3%

The company's 50 day moving average is $15.32 and its 200 day moving average is $14.37. 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 Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, July 7th. Investors of record on Monday, May 19th will be paid a dividend of $0.3636 per share. This is a boost from Tesco's previous dividend of $0.17. This represents a yield of 3.44%. The ex-dividend date is Friday, May 16th.

About Tesco

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.