Tesco (OTCMKTS:TSCDY) Upgraded to “Strong-Buy” at Citigroup

Tesco (OTCMKTS:TSCDY) was upgraded by investment analysts at Citigroup to a “strong-buy” rating in a report released on Friday, Zacks.com reports.

Separately, Sanford C. Bernstein upgraded Tesco to a “strong-buy” rating in a research report on Tuesday, August 13th.

Tesco Stock Performance

Tesco stock opened at $14.83 on Friday. The firm has a 50 day simple moving average of $13.38 and a 200-day simple moving average of $12.14. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.81 and a quick ratio of 0.68. Tesco has a 1-year low of $9.34 and a 1-year high of $14.83.

About Tesco

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.