Tesco (OTCMKTS:TSCDY) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Tesco PLC (OTCMKTS:TSCDY)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.78 and traded as low as $13.51. Tesco shares last traded at $13.51, with a volume of 156,865 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TSCDY. Royal Bank of Canada started coverage on Tesco in a research report on Tuesday, November 19th. They set a “sector perform” rating on the stock. BNP Paribas started coverage on Tesco in a research report on Friday, October 18th. They set an “outperform” rating for the company.

Tesco Trading Down 1.0 %

The company’s fifty day moving average price is $13.79 and its 200-day moving average price is $13.73.

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.