Tesco (TSCDY) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Tesco (OTCMKTS:TSCDY) from a sell rating to a hold rating in a research report report published on Thursday.

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. “

Separately, BNP Paribas raised shares of Tesco from an underperform rating to a neutral rating in a research report on Friday, December 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $9.50.

Tesco stock opened at $8.43 on Thursday. Tesco has a fifty-two week low of $7.06 and a fifty-two week high of $10.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.62 and a quick ratio of 0.49. The company has a market capitalization of $22.14 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.21 and a beta of 0.45.

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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