Tesco (OTCMKTS:TSCDY) Upgraded to “Strong-Buy” by Citigroup

Citigroup upgraded shares of Tesco (OTCMKTS:TSCDY) to a strong-buy rating in a research report released on Friday morning, Zacks.com reports.

Separately, Sanford C. Bernstein raised shares of Tesco to a strong-buy rating in a research note on Tuesday, August 13th.

Tesco Stock Performance

Tesco stock opened at $14.83 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.81 and a quick ratio of 0.68. The company’s 50-day moving average price is $13.38 and its two-hundred day moving average price is $12.14. Tesco has a 52 week low of $9.34 and a 52 week high of $14.83.

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.