Tesco (TSCDY) Raised to “Neutral” at BNP Paribas

Tesco (OTCMKTS:TSCDY) was upgraded by BNP Paribas from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday.

Separately, Zacks Investment Research upgraded shares of Tesco from a “sell” rating to a “hold” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $9.50.

TSCDY traded up $0.06 during trading on Friday, reaching $7.41. 676,802 shares of the stock were exchanged, compared to its average volume of 245,440. The company has a market cap of $20.07 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.08 and a beta of 0.50. Tesco has a twelve month low of $7.31 and a twelve month high of $10.42. The company has a current ratio of 0.62, a quick ratio of 0.49 and a debt-to-equity ratio of 0.40.

About Tesco

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.

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Analyst Recommendations for Tesco (OTCMKTS:TSCDY)

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