Tesco (OTCMKTS:TSCDY) Coverage Initiated by Analysts at Royal Bank of Canada

Royal Bank of Canada started coverage on shares of Tesco (OTCMKTS:TSCDY) in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm set a “sector perform” rating on the stock.

Other equities analysts have also recently issued research reports about the company. Citigroup upgraded Tesco to a “strong-buy” rating in a report on Friday, September 13th. BNP Paribas assumed coverage on shares of Tesco in a research report on Friday, October 18th. They set an “outperform” rating for the company. Finally, Sanford C. Bernstein upgraded Tesco to a “strong-buy” rating in a research report on Tuesday, August 13th.

Tesco Stock Performance

OTCMKTS:TSCDY opened at $13.32 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average price is $14.06 and its 200-day moving average price is $13.06. Tesco has a 52 week low of $10.25 and a 52 week high of $14.85.

Tesco Company Profile

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.