Ambev SA (ADR) (NYSE:ABEV) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Yesterday Ambev SA (ADR) (NYSE:ABEV) traded -2.35% lower at $4.99. Ambev SA (ADR)’s 50-day average is $5.66 and its two hundred day average is $5.76. With the last stock price close down -13.35% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same time. 39,724,292 shares of ABEV traded, up from an avg. volume of 17,253,300
Zacks Investment Research has downgraded Ambev SA (ADR) (NYSE:ABEV) to Sell in a statement released on 11/29/2016.
Previously on Thursday September 17, 2015, JP Morgan reported on Ambev SA (ADR) (NYSE:ABEV) lowered the target price from $6.00 to $4.00. At the time, this indicated a possible downside of -0.20%.
Recent Performance Chart
Ambev SA (ADR) has PE ratio of 22.28 with a one year low of $3.86 and a one year high of $6.34 and has a total market value of $0.
A total of 5 firms have reported on the stock. 0 brokerages rating the stock a strong buy, three equity analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $5.28.
Brief Synopsis About Ambev SA (ADR) (NYSE:ABEV)
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company's activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt's operations, which comprises sales in Canada. The Company markets products under various brand names, such as Adriatica, Brahma, Leffe, Budweiser, Corona, PepsiCo and Lipton. It is a subsidiary of Interbrew International BV.
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