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Molson Coors Brewing Company (NYSE:TAP) was upgraded by equities researchers at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Molson Coors Brewing Company from an “underperform” rating to a “buy” rating in a research note on Wednesday, June 11th. They now have a $80.00 price target on the stock, up previously from $55.00. Separately, analysts at Goldman Sachs raised their price target on shares of Molson Coors Brewing Company to $79.00 in a research note on Wednesday, June 11th. Finally, analysts at Bank of America upgraded shares of Molson Coors Brewing Company from an “underperform” rating to a “buy” rating in a research note on Wednesday, June 11th. They now have a $80.00 price target on the stock, up previously from $55.00. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Molson Coors Brewing Company currently has a consensus rating of “Buy” and an average price target of $72.75.

In other Molson Coors Brewing Company news, CEO Mark Hunter unloaded 25,549 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $71.45, for a total value of $1,825,476.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Molson Coors Brewing Company (NYSE:TAP) opened at 73.52 on Friday. Molson Coors Brewing Company has a 52-week low of $46.94 and a 52-week high of $73.31. The stock’s 50-day moving average is $65.84 and its 200-day moving average is $58.66. The company has a market cap of $13.583 billion and a P/E ratio of 19.26.

Molson Coors Brewing Company (NYSE:TAP) last released its earnings data on Wednesday, May 7th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.20. The company had revenue of $816.00 million for the quarter, compared to the consensus estimate of $818.43 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Analysts expect that Molson Coors Brewing Company will post $4.30 EPS for the current fiscal year.

Molson Coors Brewing Company (NYSE:TAP) is a holding company.

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