Tesco (OTCMKTS:TSCDY) Shares Gap Up – What’s Next?

Tesco PLC (OTCMKTS:TSCDY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $18.12, but opened at $18.5399. Tesco shares last traded at $17.9250, with a volume of 5,713 shares trading hands.

Analyst Ratings Changes

TSCDY has been the subject of a number of research reports. Zacks Research cut shares of Tesco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Jefferies Financial Group downgraded Tesco from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Citigroup reaffirmed a “buy” rating on shares of Tesco in a research report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tesco in a report on Wednesday, December 10th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Tesco Trading Down 0.7%

The business’s fifty day moving average price is $18.06 and its 200-day moving average price is $17.59. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.60.

Tesco Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, October 13th were given a dividend of $0.1906 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a dividend yield of 315.0%.

About Tesco

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.