Tesco (OTCMKTS:TSCDY) Downgraded to “Sell” at Zacks Investment Research

Tesco (OTCMKTS:TSCDY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, “TESCO PLC., is the UK’s largest retailer and one of the world’s leading international retailers. Tesco has reached this position through consistent focus on their four part strategy for growth: Tesco has a strong, growing core UK business offering customers excellent value, choice and convenience; Tesco aims to be as strong in non-food as it is in food; Tesco follows the customer into new areas like retailing services such as financial products (Tesco Personal Finance), internet shopping (Tesco.com) and telecoms (Tesco telecom offers mobile, fixed line and broadband services) & Tesco is a leading international retailer with a long term strategy for growth. Tesco is a multi-format business, operating hypermarkets, superstores, supermarkets and convenience stores. “

Shares of OTCMKTS:TSCDY traded up $0.20 during trading on Friday, hitting $8.95. The stock had a trading volume of 87,130 shares, compared to its average volume of 261,428. The stock has a 50-day simple moving average of $8.11 and a two-hundred day simple moving average of $8.88. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $29.18 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.20 and a beta of 0.72. Tesco has a 12-month low of $7.06 and a 12-month high of $10.03.



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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