Tesco PLC (OTCMKTS:TSCDY) Receives Average Rating of “Buy” from Analysts

Shares of Tesco PLC (OTCMKTS:TSCDY) have received an average rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company.

A number of analysts have recently issued reports on TSCDY shares. Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a research report on Friday. Zacks Investment Research downgraded Tesco from a “hold” rating to a “strong sell” rating in a research report on Friday, March 19th. Berenberg Bank reiterated a “buy” rating on shares of Tesco in a research report on Monday, April 19th. Credit Suisse Group upgraded Tesco from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 2nd. Finally, The Goldman Sachs Group assumed coverage on Tesco in a report on Monday, January 18th. They set a “buy” rating on the stock.

Shares of TSCDY traded up $0.07 during trading hours on Friday, reaching $9.57. 195,655 shares of the company’s stock traded hands, compared to its average volume of 350,169. The stock has a market cap of $24.66 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 3.81 and a beta of 0.58. The firm’s 50 day simple moving average is $9.43 and its 200-day simple moving average is $9.41. Tesco has a 12 month low of $9.06 and a 12 month high of $13.08.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, July 9th. Investors of record on Friday, May 21st will be issued a dividend of $0.252 per share. This is a boost from Tesco’s previous Semi-Annual dividend of $0.24. The ex-dividend date of this dividend is Thursday, May 20th. Tesco’s dividend payout ratio (DPR) is currently 61.54%.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company operates through convenience and hypermarket store formats, as well as engages in the wholesale business. It also provides retail banking and insurance services. The company operates in the United Kingdom, the Republic of Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, and Thailand.

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Analyst Recommendations for Tesco (OTCMKTS:TSCDY)

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