Tesco (OTCMKTS:TSCDY) Receives New Coverage from Analysts at BNP Paribas

BNP Paribas assumed coverage on shares of Tesco (OTCMKTS:TSCDY) in a research report sent to investors on Friday, MarketBeat.com reports. The brokerage issued an outperform rating on the stock.

Several other brokerages also recently weighed in on TSCDY. Sanford C. Bernstein upgraded shares of Tesco to a “strong-buy” rating in a report on Tuesday, August 13th. Citigroup upgraded shares of Tesco to a “strong-buy” rating in a research note on Friday, September 13th.

Tesco Stock Performance

Tesco stock opened at $14.12 on Friday. Tesco has a fifty-two week low of $9.73 and a fifty-two week high of $14.85. 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 business’s 50-day simple moving average is $14.20 and its two-hundred day simple moving average is $12.66.

Tesco Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, December 2nd. Investors 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

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.