Pernod Ricard SA (OTCMKTS:PDRDY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Pernod Ricard SA, based in France, operates as a manufacturer and seller of a wide range of wines and spirits. The company operates as holding company, with the structure divided between brand owner subsidiaries, such as The Absolut Company, Havana Club International and Chivas Brothers, which produce and develop marketing strategies for the brands, and regional distribution subsidiaries, such as Pernod Ricard Europe, Pernod Ricard Americas and Pernod Ricard Asia, which implement marketing strategies and distribute local brands. The Company is active in eight principal beverage sectors: whiskies, aniseed spirits, liqueurs, cognacs and brandies, white spirits and rums, bitters, champagnes and wines. Pernod Ricard SA’s flagship brands include Ricard, Havana Club, Ballantine’s, Malibu, Martell, The Glenlivet, Chivas Regal, Jameson and Absolut Vodka, among others. “

PDRDY has been the topic of a number of other research reports. Kepler Capital Markets started coverage on Pernod Ricard SA in a research note on Friday, July 7th. They set a “buy” rating on the stock. Macquarie upgraded Pernod Ricard SA from a “neutral” rating to an “outperform” rating in a research note on Wednesday.

Shares of Pernod Ricard SA (OTCMKTS PDRDY) traded up 1.50% during midday trading on Thursday, reaching $27.75. The company’s stock had a trading volume of 17,460 shares. The firm’s 50 day moving average is $27.58 and its 200 day moving average is $25.92. Pernod Ricard SA has a 52 week low of $20.27 and a 52 week high of $28.27. The firm has a market capitalization of $36.66 billion, a price-to-earnings ratio of 24.89 and a beta of 0.98.

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Pernod Ricard SA Company Profile

Pernod Ricard SA produces and sells wines and spirits in Europe, the Americas, Asia, and internationally. The company offers liqueurs, sparkling wines, brandy, tequila, rum, vodka, bitters, gin, cognac, anise-based spirits, wine-based aperitifs, champagne, whisky, and ouzo. Its brand portfolio includes Absolut Vodka and Chivas Regal; Ballantine’s, Beefeater, Jameson, Kahlúa, Malibu, Ricard, and Havana Club; Martell Cognac, G.H.Mumm, The Glenlivet, Perrier-Jouët, and Royal Salute; and Brancott Estate, Graffigna, Campo Viejo, Jacob's Creek, and Kenwood.

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