News stories about Tesco (OTCMKTS:TSCDY) have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tesco earned a media sentiment score of -1.00 on their scale. InfoTrie also gave news headlines about the company an news buzz score of 1 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Tesco’s ranking:
- Deep jobs cut by Tesco seen as risky (seekingalpha.com)
- Tesco (TSCDY) Earning Somewhat Positive News Coverage, Analysis Shows (americanbankingnews.com)
- Tesco says 9,000 jobs 'impacted' in changes to UK business (finance.yahoo.com)
- Tesco cost cuts put 9,000 UK jobs at risk (finance.yahoo.com)
- [$$] Tesco Says Up to 9,000 Jobs May Be at Risk From Restructuring Plan (finance.yahoo.com)
Several equities research analysts have recently commented on TSCDY shares. Zacks Investment Research downgraded shares of Tesco from a “hold” rating to a “sell” rating in a research note on Friday, November 23rd. BNP Paribas upgraded shares of Tesco from an “underperform” rating to a “neutral” rating in a research note on Friday, December 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $9.50.
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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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