TheStreet downgraded Ambev SA (ADR) (NYSE:ABEV) to Hold in a statement released earlier today.
- Updated: September 30, 2016
Yesterday Ambev SA (ADR) (NYSE:ABEV) traded 1.00% higher at $6.09. The company’s 50-day moving average is $6.06 and its 200-day moving average is $5.62. The last stock price is up 8.27% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 8,651,044 shares of the stock were exchanged, down from an avg. volume of 14,597,200
TheStreet has downgraded Ambev SA (ADR) (NYSE:ABEV) to Hold in a statement released on 09/29/2016.
On 8/18/2016, Morgan Stanley reported about Ambev SA (ADR) (NYSE:ABEV) bumped up the target price from $6.00 to $6.40 that suggested an upside of 0.02%.
Ambev SA (ADR) has price-earnings ratio of 26.59 with a 52 week low of $3.86 and a 52 week high of $6.32 and has a market cap of $0.
A total of 5 equity analysts have released a ratings update on Ambev SA (ADR). 0 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 2 analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero brokerages rating the stock a sell with a average stock price target of $5.28.
General Company Details For 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.