Royal Bank of Canada Begins Coverage on Tesco (OTCMKTS:TSCDY)

Royal Bank of Canada assumed coverage on shares of Tesco (OTCMKTS:TSCDY) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The firm issued a sector perform rating on the stock.

Other equities analysts have also issued reports about the stock. Sanford C. Bernstein raised shares of Tesco to a “strong-buy” rating in a research report on Tuesday, August 13th. BNP Paribas assumed coverage on shares of Tesco in a report on Friday, October 18th. They issued an “outperform” rating for the company. Finally, Citigroup raised shares of Tesco to a “strong-buy” rating in a report on Friday, September 13th.

Tesco Stock Up 0.5 %

Tesco stock opened at $13.25 on Tuesday. 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 stock has a 50-day moving average of $13.98 and a two-hundred day moving average of $13.08. Tesco has a one year low of $10.36 and a one year high of $14.85.

Tesco Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, October 15th will be given a $0.1692 dividend. The ex-dividend date is Tuesday, October 15th.

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.