Tesco PLC (OTCMKTS:TSCDY – Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.18 and traded as low as $14.02. Tesco shares last traded at $14.11, with a volume of 97,843 shares.
Analyst Ratings Changes
Several equities analysts have issued reports on TSCDY shares. BNP Paribas assumed coverage on Tesco in a research note on Friday. They issued an “outperform” rating on the stock. Sanford C. Bernstein raised shares of Tesco to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Citigroup upgraded shares of Tesco to a “strong-buy” rating in a report on Friday, September 13th.
View Our Latest Research Report on TSCDY
Tesco Stock Up 0.1 %
Tesco Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.1692 per share. The ex-dividend date of this dividend is Tuesday, October 15th.
Tesco Company Profile
Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.
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