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Rating: TSCDY
Buy

Tesco PLC (ADR) (OTCBB: TSCDY) upgraded to Buy by Citigroup

Tuesday,  Nov 17, 2015  10:25 AM ET by Kristen Bailey

Citigroup upgraded Tesco PLC (ADR) (OTCBB: TSCDY) to Buy.
Citigroup rated Tesco PLC (ADR) (OTCBB: TSCDY) to Neutral on 10/03/2013, when the price was $17.79.

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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.



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