Tesco (TSCDY) Raised to “Neutral” at BNP Paribas

Tesco (OTCMKTS:TSCDY) was upgraded by stock analysts at BNP Paribas from an “underperform” rating to a “neutral” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research lowered shares of Tesco from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $9.50.

Shares of OTCMKTS:TSCDY traded up $0.06 during midday trading on Friday, reaching $7.41. 676,802 shares of the company’s stock were exchanged, compared to its average volume of 245,440. The company has a market capitalization of $20.07 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.08 and a beta of 0.50. Tesco has a 12 month low of $7.31 and a 12 month high of $10.42. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.49 and a current ratio of 0.62.

Tesco Company Profile

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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Analyst Recommendations for Tesco (OTCMKTS:TSCDY)

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