Tesco (OTCMKTS:TSCDY) Shares Gap Up – What’s Next?
by Teresa Graham · The Cerbat GemTesco PLC (OTCMKTS:TSCDY – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $18.12, but opened at $18.5399. Tesco shares last traded at $17.9250, with a volume of 5,713 shares trading hands.
Analyst Upgrades and Downgrades
A number of research firms have commented on TSCDY. Jefferies Financial Group cut Tesco from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Zacks Research downgraded Tesco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesco in a research note on Wednesday, December 10th. Finally, Citigroup reiterated a “buy” rating on shares of Tesco in a research report on Thursday, December 11th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
View Our Latest Research Report on Tesco
Tesco Trading Down 0.7%
The business has a 50-day simple moving average of $18.06 and a 200-day simple moving average of $17.59. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.60.
Tesco Cuts Dividend
The company also recently declared a dividend, which was paid on Monday, December 1st. Investors of record on Monday, October 13th were paid a dividend of $0.1906 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a dividend yield of 315.0%.
Tesco Company Profile
Tesco PLC is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, Hertfordshire. Founded in 1919 by Jack Cohen as a market stall, the company expanded into a nationwide chain of supermarkets and has grown into one of the largest retailers in the United Kingdom. Tesco operates a range of store formats designed to serve different customer needs, including large-format hypermarkets, standard supermarkets and smaller convenience stores, along with an extensive online grocery and home delivery service.
The company’s core activities include the retail sale of food and non-food products, development and distribution of own-label ranges (from value to premium), and provision of convenience and fuel forecourt services.