Headlines about Tesco (OTCMKTS:TSCDY) have trended positive on Saturday, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tesco earned a daily sentiment score of 2.38 on their scale. InfoTrie also gave media coverage about the company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Tesco’s analysis:
- Sainsbury’s, Co-op, Asda and Tesco issue urgent warnings over these foods – Daily Post (dailypost.co.uk)
- Tesco accused of ‘panic buying’ huge orders of pasta and toilet roll as clearance sales appear in stores – Edinburgh Live (edinburghlive.co.uk)
- Shareholders Revolt As They Elect To Give Tesco CEO Dave Lewis A Distinctly Bronze Handshake – Forbes (forbes.com)
- Tesco shareholders vote against CEO Lewis’s £6.4m payday – ShareCast (sharecast.com)
- Tesco retail profits to be in line with last year despite lockdown sales spike – Proactive Investors UK (proactiveinvestors.co.uk)
OTCMKTS TSCDY traded up $0.10 during trading on Friday, reaching $8.58. 557,878 shares of the stock traded hands, compared to its average volume of 361,004. The firm has a market cap of $27.68 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 2.24 and a beta of 0.58. The stock’s 50-day moving average price is $8.59 and its 200 day moving average price is $9.10. Tesco has a fifty-two week low of $7.03 and a fifty-two week high of $10.39.
Several equities research analysts have recently commented on TSCDY shares. Berenberg Bank reiterated a “buy” rating on shares of Tesco in a research report on Tuesday, April 28th. Credit Suisse Group upgraded shares of Tesco from an “underperform” rating to a “neutral” rating in a research report on Monday, March 30th. Zacks Investment Research cut shares of Tesco from a “buy” rating to a “hold” rating in a research report on Thursday, June 18th. Finally, HSBC upgraded shares of Tesco from a “hold” rating to a “buy” rating in a research report on Tuesday, March 24th.
Tesco Company Profile
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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