Tesco PLC (OTCMKTS:TSCDY) Receives Consensus Rating of “Buy” from Brokerages

Shares of Tesco PLC (OTCMKTS:TSCDY) have received an average recommendation of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

Several brokerages recently commented on TSCDY. Barclays began coverage on Tesco in a research report on Monday, January 4th. They set an “overweight” rating on the stock. The Goldman Sachs Group began coverage on Tesco in a research report on Monday, January 18th. They set a “buy” rating on the stock. Berenberg Bank restated a “buy” rating on shares of Tesco in a research report on Thursday, January 21st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a report on Thursday, December 17th.

Shares of Tesco stock opened at $9.41 on Tuesday. Tesco has a one year low of $7.03 and a one year high of $10.33. The stock’s 50-day moving average is $10.03 and its 200 day moving average is $9.10. The firm has a market cap of $30.72 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 3.81 and a beta of 0.58.

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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