Tesco shares are not recommended to buy from now

The analysts of Jefferies International investment group downgraded Tesco shares from buy to hold. The experts justified the move, that British sales are still not promising.

The analysts also added, that they expect mixed holiday sales statistics from the chain, because the international units could provide a stronger performance. Overall, the analysts see the prospects of the European food chains positive. According to their conclusions; the shares of the companies are traded undervalued – reports portfolio.hu., after MarketWatch.