Tesco (OTCMKTS:TSCDY) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Tesco PLC (OTCMKTS:TSCDY)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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.

Analyst Ratings Changes

A number of analysts recently commented on TSCDY shares. BNP Paribas began coverage on shares of Tesco in a report on Friday, October 18th. They issued an “outperform” rating on the stock. Citigroup upgraded Tesco to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Royal Bank of Canada assumed coverage on Tesco in a report on Tuesday, November 19th. They issued a “sector perform” rating on the stock.

Tesco Stock Down 0.5 %

The firm’s fifty day simple moving average is $13.76 and its 200 day simple moving average is $13.43.

Tesco Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, October 15th were given a dividend of $0.1692 per share. The ex-dividend date was 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.