BNP Paribas started coverage on shares of Tesco (OTCMKTS:TSCDY - Free Report) in a research note published on Friday, Marketbeat.com reports. The brokerage issued an outperform rating on the stock.
Other analysts also recently issued research reports about the stock. Citigroup raised shares of Tesco to a "strong-buy" rating in a research report on Friday, September 13th. Sanford C. Bernstein raised shares of Tesco to a "strong-buy" rating in a research report on Tuesday, August 13th.
Read Our Latest Report on Tesco
Tesco Stock Up 2.4 %
OTCMKTS:TSCDY traded up $0.33 during mid-day trading on Friday, reaching $14.11. The stock had a trading volume of 97,843 shares, compared to its average volume of 378,970. Tesco has a 12 month low of $9.73 and a 12 month high of $14.85. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 0.81. The stock has a 50-day simple moving average of $14.18 and a two-hundred day simple moving average of $12.64.
Tesco Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, October 15th will be paid 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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