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Tesco PLC (ADR) (TSCDY) [hlAlert]

Rating:
Underweight
TSCDY
3 Months Gains
up 90.45 %

Tesco PLC (ADR) (TSCDY) downgraded to Underweight by HSBC Securities

Posted on: Monday,  Dec 2, 2013  8:25 AM ET by HSBC Securities

Tesco PLC (ADR) (OTCBB:
TSCDY) downgraded to Underweight by HSBC Securities.

Tesco PLC is an international retailer. The Company is engaged in retailing and associated activities in the United Kingdom, the Republic of Ireland, Hungary, Poland, the Czech Republic, Slovakia, Turkey, Thailand, South Korea, Malaysia, Japan, China and the United States. The Company also provides retail banking and insurance services through its subsidiary Tesco Personal Finance PLC (formerly Tesco Personal Finance Group Limited) (TPF). The Company has two business segments, retailing and financial services. Retailing Services includes the Company?s online shopping channels, tesco.com and Tesco Direct; Telecoms; Tesco Personal Finance (TPF), and dunnhumby, its consumer research business.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/2/2013 8:25 AM Sell
None
16.76
as of 12/13/2013
1 Week   
1 Month   
3 Months down  -0.38 %
1 YTD up  6.57 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/13/2013 8:25 AM Hold
None
17.67
6/13/2012 8:25 AM Buy
None
14.20
9/27/2011 8:25 AM Hold
None
17.90

(*) Stock Price at the time of the recommendation.
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