Tesco (TESO) Getting Somewhat Favorable News Coverage, Analysis Finds
News stories about Tesco (NASDAQ:TESO) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tesco earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 45.2918444934319 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Supermarket Income REIT raises Tesco store rent (stockmarketwire.com)
- Confectionery in Malaysia Market 2017: Key Players – Giant, Tesco, Cold Storage, 7-Eleven, KK Mart and More (einpresswire.com)
- Tesco To Invest €70 Million In Irish Stores (esmmagazine.com)
- Your ultimate guide to the Boxing Day sales from Next, Amazon, Tesco, Argos, Debenhams, Topshop and more (getreading.co.uk)
- Tesco cuts power to tube-wells over nonpayment (dawn.com)
Tesco (NASDAQ TESO) traded down $0.25 during midday trading on Tuesday, hitting $3.70. The company had a trading volume of 15,653,700 shares, compared to its average volume of 484,356. Tesco has a 52-week low of $3.60 and a 52-week high of $9.65.
Tesco (NASDAQ:TESO) last released its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.01. Tesco had a negative return on equity of 16.27% and a negative net margin of 38.60%. The firm had revenue of $40.50 million for the quarter, compared to analyst estimates of $43.24 million. During the same quarter last year, the company posted ($0.37) earnings per share. The business’s revenue was up 33.2% on a year-over-year basis. analysts expect that Tesco will post -0.94 EPS for the current year.
TESO has been the topic of several research reports. Zacks Investment Research raised Tesco from a “sell” rating to a “hold” rating in a report on Friday, September 15th. ValuEngine lowered Tesco from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Goldman Sachs Group raised Tesco from a “neutral” rating to a “buy” rating in a report on Monday, December 4th. B. Riley reaffirmed a “buy” rating on shares of Tesco in a report on Wednesday, November 1st. Finally, Cowen set a $5.00 price objective on Tesco and gave the stock a “hold” rating in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Tesco has an average rating of “Hold” and an average target price of $6.00.
In related news, CEO Fernando Rafael Assing sold 7,146 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $4.20, for a total transaction of $30,013.20. Following the transaction, the chief executive officer now owns 164,247 shares of the company’s stock, valued at $689,837.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 40,633 shares of company stock worth $161,340. Corporate insiders own 1.70% of the company’s stock.
Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company’s operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales.
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