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Molson Coors Brewing Company (NYSE:TAP) has been given a consensus recommendation of “Buy” by the ten analysts that are covering the stock, Stock Ratings Network.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $74.50.

Shares of Molson Coors Brewing Company (NYSE:TAP) traded down 0.53% during mid-day trading on Tuesday, hitting $67.54. 94,029 shares of the company’s stock traded hands. Molson Coors Brewing Company has a 52 week low of $48.18 and a 52 week high of $75.55. The stock has a 50-day moving average of $72.34 and a 200-day moving average of $62.62. The company has a market cap of $12.479 billion and a price-to-earnings ratio of 17.87.

Molson Coors Brewing Company (NYSE:TAP) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.30 earnings per share. Molson Coors Brewing Company’s revenue was down 1.5% compared to the same quarter last year. Analysts expect that Molson Coors Brewing Company will post $4.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Wednesday, August 27th.

TAP has been the subject of a number of recent research reports. Analysts at Nomura raised their price target on shares of Molson Coors Brewing Company from $62.00 to $65.00 in a research note on Monday, July 21st. They now have a “neutral” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Molson Coors Brewing Company from $76.00 to $87.00 in a research note on Thursday, June 26th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Molson Coors Brewing Company from $76.00 to $87.00 in a research note on Thursday, June 26th. They now have a “buy” rating on the stock.

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

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