Neutral Press Coverage Extremely Likely to Affect Tesco (OTCMKTS:TSCDY) Share Price

News articles about Tesco (OTCMKTS:TSCDY) have trended neutral on Thursday, InfoTrie reports. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tesco earned a coverage optimism score of 0.43 on their scale. InfoTrie also gave media stories about the company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the immediate future.

A number of equities analysts have weighed in on the stock. BNP Paribas upgraded shares of Tesco from a “neutral” rating to an “outperform” rating in a research report on Wednesday, April 3rd. Zacks Investment Research lowered shares of First Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 14th.

Tesco stock traded up $0.06 during mid-day trading on Thursday, reaching $9.01. 86,660 shares of the company’s stock traded hands, compared to its average volume of 668,261. The stock has a market capitalization of $24.44 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 1.17 and a beta of 0.69. The firm’s 50 day moving average price is $8.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.49 and a current ratio of 0.61. Tesco has a 12-month low of $7.06 and a 12-month high of $10.30.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.

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