Tesco (OTCMKTS:TSCDY) Sets New 52-Week High – Still a Buy?

Tesco PLC (OTCMKTS:TSCDY) shares reached a new 52-week high on Tuesday . The stock traded as high as $20.10 and last traded at $20.0650, with a volume of 144811 shares trading hands. The stock had previously closed at $20.08.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TSCDY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tesco in a research note on Wednesday, December 10th. Citigroup reiterated a “buy” rating on shares of Tesco in a research report on Thursday, December 11th. Zacks Research downgraded Tesco from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Finally, Jefferies Financial Group cut Tesco from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Tesco Trading Up 0.3%

The stock has a fifty day simple moving average of $17.87 and a 200-day simple moving average of $17.85. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45.

Tesco Company Profile

Tesco PLC is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, Hertfordshire. Founded in 1919 by Jack Cohen as a market stall, the company expanded into a nationwide chain of supermarkets and has grown into one of the largest retailers in the United Kingdom. Tesco operates a range of store formats designed to serve different customer needs, including large-format hypermarkets, standard supermarkets and smaller convenience stores, along with an extensive online grocery and home delivery service.

The company’s core activities include the retail sale of food and non-food products, development and distribution of own-label ranges (from value to premium), and provision of convenience and fuel forecourt services.