BNP Paribas Begins Coverage on Tesco (OTCMKTS:TSCDY)

BNP Paribas began coverage on shares of Tesco (OTCMKTS:TSCDY) in a research note issued to investors on Friday, Briefing.com reports. The firm set an “outperform” rating on the stock.

A number of other research firms have also recently issued reports on TSCDY. Sanford C. Bernstein upgraded shares of Tesco to a “strong-buy” rating in a research note on Tuesday, August 13th. Citigroup upgraded Tesco to a “strong-buy” rating in a research report on Friday, September 13th.

Tesco Trading Up 2.4 %

Shares of Tesco stock opened at $14.11 on Friday. Tesco has a 12-month low of $9.73 and a 12-month 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 company has a 50-day simple moving average of $14.18 and a 200 day simple moving average of $12.64.

Tesco Company Profile

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.