Heineken NV (OTCMKTS:HEINY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “Heineken N.V. is engaged in producing and distributing beverages. It offers beer, cider, soft drinks, and other beverages. The Company’s principal global brand is Heineken. Heineken N.V. is headquartered in Amsterdam, the Netherlands. “

Separately, Stifel Nicolaus reaffirmed a “hold” rating on shares of Heineken NV in a research report on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $55.00.

Heineken NV (OTCMKTS HEINY) traded down 0.80% during midday trading on Friday, reaching $52.33. The company’s stock had a trading volume of 173,276 shares. Heineken NV has a 12-month low of $36.02 and a 12-month high of $53.35. The company has a market cap of $29.83 billion, a P/E ratio of 13.67 and a beta of 0.92. The firm has a 50 day moving average price of $51.91 and a 200-day moving average price of $47.62.

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About Heineken NV

Heineken N.V. engages in brewing and selling beer. The company operates through Africa, Middle East & Eastern Europe; Americas; Asia Pacific; and Europe segments. It offers beer, cider, soft drinks, and other beverages. The company offers its beers under the Heineken, Amstel, Desperados, Sol, Affligem, Tiger, Tecate, Krusovice, and Red Stripe brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Blind Pig, Stassen, Bulmers, Old Mout, and Orchard Thieves brands.

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