Shares of Tesco PLC (OTCMKTS:TSCDY - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.76 and traded as low as $13.15. Tesco shares last traded at $14.01, with a volume of 84,060 shares changing hands.
Wall Street Analysts Forecast Growth
TSCDY has been the subject of several research analyst reports. Citigroup raised shares of Tesco to a "strong-buy" rating in a report on Friday, September 13th. Royal Bank of Canada started coverage on Tesco in a research note on Tuesday, November 19th. They issued a "sector perform" rating for the company. Finally, BNP Paribas initiated coverage on shares of Tesco in a research report on Friday, October 18th. They set an "outperform" rating for the company.
Get Our Latest Stock Report on Tesco
Tesco Price Performance
The business has a 50 day simple moving average of $13.77 and a 200-day simple moving average of $13.44.
Tesco Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, October 15th were given a $0.1692 dividend. The ex-dividend date was Tuesday, October 15th.
Tesco Company Profile
(
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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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