News stories about Tesco (NASDAQ:TESO) have trended somewhat negative recently, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tesco earned a news impact score of -0.03 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 42.1787723328269 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Separately, B. Riley restated a “hold” rating on shares of Tesco in a research note on Friday, December 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $6.00.
Tesco stock remained flat at $$3.70 during mid-day trading on Friday. Tesco has a 12 month low of $3.60 and a 12 month high of $9.65.
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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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