Tesco (OTCMKTS:TSCDY) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Tesco PLC (OTCMKTS:TSCDY) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $13.76 and traded as low as $13.15. Tesco shares last traded at $14.01, with a volume of 84,060 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TSCDY. BNP Paribas began coverage on shares of Tesco in a research report on Friday, October 18th. They set an “outperform” rating on the stock. Citigroup upgraded shares of Tesco to a “strong-buy” rating in a report on Friday, September 13th. Finally, Royal Bank of Canada began coverage on Tesco in a report on Tuesday, November 19th. They set a “sector perform” rating for the company.

Tesco Stock Down 0.5 %

The company has a 50 day moving average of $13.76 and a 200 day moving average of $13.43.

Tesco Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.1692 per share. The ex-dividend date of this dividend was 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.