Longbow downgraded Restaurant Brands (NYSE:QSR) from Neutral to Underperform in a report released today.
- Updated: September 26, 2016
Yesterday Restaurant Brands (NYSE:QSR) traded -2.80% lower at $44.82. The company’s 50-day moving average is $46.85 and its 200-day moving average is $42.70. The last stock close price is up 4.95% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 856,348 shares of Restaurant Brands traded, down from an avg. volume of 937,203
Longbow has downgraded Restaurant Brands (NYSE:QSR) from Neutral to Underperform in a report released on 9/26/2016.
With a total market value of $0, Restaurant Brands has price-earnings ratio of 41.49 with a one year low of $29.28 and a one year high of $49.12 .
A total of 11 equity analysts have released a ratings update on QSR. zero equity analysts rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $44.64.
General Information About Restaurant Brands (NYSE:QSR)
Restaurant Brands International Inc. is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand. Tim Hortons restaurants are quick service restaurants with a menu that includes premium blend coffee, tea, espresso-based hot and cold specialty drinks, fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others. Burger King restaurants are quick service restaurants that feature flame-grilled hamburgers, chicken and other specialty sandwiches, French fries, soft drinks and other affordably-priced food items.
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