Tesco (OTCMKTS:TSCDY) Reaches New 12-Month High - Here's What Happened

Key Points

• Tesco's share price reached a new 52-week high of $17.76, closing at $17.40 with a trading volume of over 51,000 shares.
• Analysts have a consensus rating of "Moderate Buy" for Tesco, with one strong buy, two buy, and two hold ratings among recent reports.
• The stock's moving averages indicate a positive trend, with the 50-day average at $16.85 and the 200-day average at $15.33.

Tesco PLC (OTCMKTS:TSCDY - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $17.76 and last traded at $17.40, with a volume of 51247 shares. The stock had previously closed at $17.47.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Tesco in a research report on Tuesday, June 3rd. Barclays reissued an "overweight" rating on shares of Tesco in a report on Tuesday. Finally, Zacks Research upgraded shares of Tesco to a "hold" rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Tesco has a consensus rating of "Moderate Buy".

Tesco Price Performance

The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.44. The stock's fifty day moving average is $16.92 and its 200-day moving average is $15.38.

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.