Tesco (OTCMKTS:TSCDY) Upgraded at Zacks Research

Key Points

• Tesco has been upgraded from a "hold" rating to a "strong-buy" rating by Zacks Research, indicating increased investor confidence in the stock.
• Barclays has maintained an "overweight" rating on Tesco, and the current average rating for the stock among analysts is "Buy."
• As of the latest report, Tesco's stock is trading at $18.31 with a 52-week range of $12.16 to $18.53.

Tesco (OTCMKTS:TSCDY - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Barclays restated an "overweight" rating on shares of Tesco in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

Tesco Stock Performance

TSCDY opened at $18.31 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.64. The firm's 50-day moving average price is $17.58 and its 200-day moving average price is $16.11. Tesco has a 52-week low of $12.16 and a 52-week high of $18.53.

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.

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