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Tesco (OTCMKTS:TSCDY) Sees Unusually-High Trading Volume - Still a Buy?

Tesco logo with Retail/Wholesale background

Key Points

  • Tesco shares experienced a significant increase in trading volume, with 1,290,923 shares traded, marking a 256% increase from the previous session.
  • The stock currently holds a consensus rating of "Buy", with recent upgrades from analysts including Zacks Research, which changed its rating from "hold" to "strong-buy."
  • Tesco has announced a dividend cut, with a payment of $0.1906 per share scheduled for December 1st, representing a substantial dividend yield of 315.0%.
  • MarketBeat previews top five stocks to own in November.

Tesco PLC (OTCMKTS:TSCDY - Get Free Report) shares saw an uptick in trading volume on Thursday . 1,290,923 shares changed hands during mid-day trading, an increase of 256% from the previous session's volume of 362,369 shares.The stock last traded at $17.95 and had previously closed at $18.14.

Wall Street Analyst Weigh In

TSCDY has been the topic of several research analyst reports. Barclays restated an "overweight" rating on shares of Tesco in a report on Tuesday, August 26th. Zacks Research upgraded Tesco from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy".

Check Out Our Latest Stock Analysis on Tesco

Tesco Trading Down 1.1%

The firm has a 50 day simple moving average of $17.70 and a two-hundred day simple moving average of $16.30. 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 Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, October 13th will be given a dividend of $0.1906 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a dividend yield of 315.0%.

Tesco Company Profile

(Get Free Report)

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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