Tesco (OTCMKTS:TSCDY) Research Coverage Started at Royal Bank of Canada

Royal Bank of Canada initiated coverage on shares of Tesco (OTCMKTS:TSCDY) in a research report report published on Tuesday, MarketBeat Ratings reports. The firm issued a sector perform rating on the stock.

TSCDY has been the topic of a number of other reports. Citigroup upgraded Tesco to a “strong-buy” rating in a research report on Friday, September 13th. Sanford C. Bernstein upgraded Tesco to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, BNP Paribas initiated coverage on shares of Tesco in a research report on Friday, October 18th. They set an “outperform” rating on the stock.

Tesco Stock Performance

Shares of Tesco stock opened at $13.25 on Tuesday. Tesco has a twelve month low of $10.36 and a twelve month high of $14.85. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 0.81. The business has a 50-day moving average price of $13.98 and a 200-day moving average price of $13.08.

Tesco Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, October 15th will be issued a $0.1692 dividend. 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.