Tesco PLC (OTCMKTS:TSCDY) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Tesco PLC received a consensus rating of "Moderate Buy" from six research firms, with ratings varying from buy to strong buy among analysts.
• Shares closed at $17.69, having a fifty-two week range between $12.16 and $17.76, reflecting positive market performance.
• The company operates as a grocery retailer across various regions, including the United Kingdom and parts of Europe, and is involved in wholesaling activities.

Shares of Tesco PLC (OTCMKTS:TSCDY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company.

A number of equities analysts have issued reports on TSCDY shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Tesco in a research note on Tuesday, June 3rd. Zacks Research raised Tesco to a "hold" rating in a research note on Tuesday, August 12th. Finally, Barclays reiterated an "overweight" rating on shares of Tesco in a research report on Tuesday.

Tesco Stock Up 1.7%

Shares of OTCMKTS TSCDY opened at $17.69 on Wednesday. Tesco has a fifty-two week low of $12.16 and a fifty-two week high of $17.76. The firm's 50-day simple moving average is $16.88 and its 200 day simple moving average is $15.35. 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 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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