Tesco PLC (OTCMKTS:TSCDY - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.40 and last traded at $15.92, with a volume of 386168 shares traded. The stock had previously closed at $16.03.
Analyst Ratings Changes
Separately, Morgan Stanley reissued an "overweight" rating on shares of Tesco in a research report on Tuesday, June 3rd. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Tesco has a consensus rating of "Buy".
Check Out Our Latest Stock Analysis on Tesco
Tesco Price Performance
The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 0.81. The business has a 50 day simple moving average of $14.85 and a 200-day simple moving average of $14.24.
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 given a dividend of $0.3636 per share. This is a boost from Tesco's previous dividend of $0.17. The ex-dividend date of this dividend is Friday, May 16th. This represents a dividend yield of 3.44%.
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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