Tesco Co. (NASDAQ:TESO) has earned an average rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $6.00.
TESO has been the subject of several analyst reports. Goldman Sachs Group raised Tesco from a “neutral” rating to a “buy” rating in a research note on Monday, December 4th. B. Riley reaffirmed a “hold” rating on shares of Tesco in a research note on Friday, December 22nd. Finally, Zacks Investment Research raised Tesco from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th.
Several hedge funds and other institutional investors have recently modified their holdings of TESO. Alliancebernstein L.P. raised its holdings in shares of Tesco by 20.7% in the second quarter. Alliancebernstein L.P. now owns 56,010 shares of the oil and gas company’s stock worth $249,000 after buying an additional 9,600 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of Tesco by 41.9% in the second quarter. TIAA CREF Investment Management LLC now owns 212,064 shares of the oil and gas company’s stock worth $944,000 after buying an additional 62,636 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Tesco by 23.5% in the second quarter. Ameriprise Financial Inc. now owns 307,132 shares of the oil and gas company’s stock worth $1,367,000 after buying an additional 58,523 shares during the period. Northern Trust Corp raised its holdings in shares of Tesco by 22.9% in the second quarter. Northern Trust Corp now owns 643,487 shares of the oil and gas company’s stock worth $2,863,000 after buying an additional 119,830 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Tesco by 39.5% in the second quarter. Parametric Portfolio Associates LLC now owns 197,204 shares of the oil and gas company’s stock worth $878,000 after buying an additional 55,864 shares during the period. Hedge funds and other institutional investors own 87.10% of the company’s stock.
Shares of Tesco (TESO) opened at $3.70 on Tuesday. The stock has a market capitalization of $173.00, a P/E ratio of -2.94 and a beta of 1.17. Tesco has a one year low of $3.60 and a one year high of $9.65.
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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.
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