Shares of Tesco PLC (OTCMKTS:TSCDY - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.18 and traded as low as $14.02. Tesco shares last traded at $14.11, with a volume of 97,843 shares traded.
Wall Street Analyst Weigh In
Several research analysts have weighed in on TSCDY shares. Sanford C. Bernstein raised shares of Tesco to a "strong-buy" rating in a research note on Tuesday, August 13th. BNP Paribas initiated coverage on shares of Tesco in a research note on Friday. They issued an "outperform" rating for the company. Finally, Citigroup raised shares of Tesco to a "strong-buy" rating in a research note on Friday, September 13th.
Read Our Latest Stock Analysis on Tesco
Tesco Stock Performance
The company's fifty day moving average is $14.18 and its two-hundred day moving average is $12.64. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 0.49.
Tesco Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.1692 per share. The ex-dividend date is Tuesday, October 15th.
About Tesco
(
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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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