Tesco (OTCMKTS:TSCDY) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Tesco PLC (OTCMKTS:TSCDYGet Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.78 and traded as low as $13.51. Tesco shares last traded at $13.51, with a volume of 156,865 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TSCDY shares. Royal Bank of Canada assumed coverage on Tesco in a research note on Tuesday, November 19th. They issued a “sector perform” rating on the stock. BNP Paribas began coverage on Tesco in a report on Friday, October 18th. They set an “outperform” rating for the company.

View Our Latest Stock Report on TSCDY

Tesco Trading Down 1.0 %

The stock’s fifty day moving average price is $13.78 and its 200 day moving average price is $13.71.

Tesco Company Profile

(Get Free Report)

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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