Tesco PLC (TSCDY) Given Average Recommendation of “Buy” by Brokerages
Tesco PLC (OTCMKTS:TSCDY) has earned an average rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company.
A number of equities research analysts have recently issued reports on the company. ValuEngine upgraded Tesco from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Zacks Investment Research lowered Tesco from a “buy” rating to a “sell” rating in a research report on Wednesday, June 20th.
Shares of Tesco stock traded up $0.08 during mid-day trading on Friday, reaching $9.57. 88,536 shares of the stock traded hands, compared to its average volume of 139,341. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.71 and a quick ratio of 0.60. The stock has a market capitalization of $25.53 billion, a P/E ratio of 20.79, a PEG ratio of 1.35 and a beta of 0.38. Tesco has a fifty-two week low of $6.85 and a fifty-two week high of $10.42.
Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.
Further Reading: Intrinsic Value and Stock Selection
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