Tesco (OTCMKTS:TSCDY) Lifted to Buy at HSBC

HSBC upgraded shares of Tesco (OTCMKTS:TSCDY) from a hold rating to a buy rating in a research note published on Tuesday morning, The Fly reports.

Several other research firms have also weighed in on TSCDY. Zacks Investment Research lowered Tesco from a hold rating to a sell rating in a research note on Wednesday, March 18th. Credit Suisse Group started coverage on Tesco in a research note on Thursday, February 27th. They issued an underperform rating on the stock.

OTCMKTS TSCDY opened at $8.75 on Tuesday. The firm has a market capitalization of $25.85 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.01 and a beta of 0.79. Tesco has a 1-year low of $7.03 and a 1-year high of $10.39. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.80 and a quick ratio of 0.66. The business’s 50-day simple moving average is $9.14 and its 200-day simple moving average is $9.27.

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.

See Also: Cost of Goods Sold (COGS)

The Fly

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