Tesco PLC (OTCMKTS:TSCDY) Given Consensus Rating of “Buy” by Brokerages

Shares of Tesco PLC (OTCMKTS:TSCDY) have received an average recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company.

TSCDY has been the subject of a number of analyst reports. Zacks Investment Research cut Tesco from a “hold” rating to a “strong sell” rating in a research note on Friday, March 19th. Barclays initiated coverage on Tesco in a research note on Monday, January 4th. They set an “overweight” rating for the company. The Goldman Sachs Group initiated coverage on Tesco in a research note on Monday, January 18th. They set a “buy” rating for the company. Credit Suisse Group upgraded Tesco from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 2nd. Finally, Berenberg Bank restated a “buy” rating on shares of Tesco in a research note on Monday.

Shares of OTCMKTS TSCDY traded up $0.03 during mid-day trading on Wednesday, reaching $9.52. 171,901 shares of the company were exchanged, compared to its average volume of 350,566. The stock has a market cap of $24.54 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 3.81 and a beta of 0.58. Tesco has a 1 year low of $9.06 and a 1 year high of $13.08. The firm has a 50-day moving average of $9.43 and a 200 day moving average of $9.30.

Tesco Company Profile

Tesco Plc engages in the retailing and retail banking. It operates through the following segments: UK and ROI, Central Europe, Asia, and Tesco Bank. The UK and ROI segment caters to the United Kingdom and Republic of Ireland. The Central Europe segment covers the Czech Republic, Hungary, Poland, and Slovakia.

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Analyst Recommendations for Tesco (OTCMKTS:TSCDY)

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