Tesco (NASDAQ:TESO) was upgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, December 4th, Marketbeat Ratings reports.
Other analysts have also issued research reports about the company. B. Riley reaffirmed a “buy” rating on shares of Tesco in a research note on Wednesday, November 1st. FBR & Co set a $7.00 price target on Tesco and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Seaport Global Securities restated a “neutral” rating on shares of Tesco in a report on Wednesday, August 9th. Zacks Investment Research downgraded Tesco from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, ValuEngine downgraded Tesco from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Tesco presently has a consensus rating of “Hold” and a consensus target price of $6.00.
Shares of Tesco (TESO) traded down $0.10 on Monday, reaching $3.95. The company had a trading volume of 389,300 shares, compared to its average volume of 421,151. Tesco has a 52-week low of $3.60 and a 52-week high of $9.65.
In related news, CEO Fernando Rafael Assing sold 9,293 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $3.80, for a total transaction of $35,313.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 34,505 shares of company stock worth $136,522. Company insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. KCG Holdings Inc. bought a new stake in shares of Tesco in the 1st quarter worth $116,000. Virginia Retirement Systems ET AL acquired a new stake in shares of Tesco during the second quarter worth $105,000. Voya Investment Management LLC raised its position in shares of Tesco by 25.9% during the second quarter. Voya Investment Management LLC now owns 24,546 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 5,046 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Tesco during the second quarter worth $128,000. Finally, Tudor Investment Corp ET AL raised its position in shares of Tesco by 180.1% during the second quarter. Tudor Investment Corp ET AL now owns 29,332 shares of the oil and gas company’s stock worth $131,000 after purchasing an additional 18,861 shares during the period. Hedge funds and other institutional investors own 87.10% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was originally reported by Week Herald and is owned by of Week Herald. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright law. The correct version of this piece can be read at https://weekherald.com/2017/12/14/tesco-teso-upgraded-to-buy-at-goldman-sachs-group.html.
Tesco Company Profile
Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company’s operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales.
Receive News & Ratings for Tesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco and related companies with MarketBeat.com's FREE daily email newsletter.