Ambev (NYSE:ABEV) was upgraded by stock analysts at UBS Group from a “market perform” rating to an “outperform” rating in a note issued to investors on Friday, The Fly reports.
A number of other brokerages have also weighed in on ABEV. Zacks Investment Research raised shares of Ambev from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Barclays reaffirmed an “equal weight” rating and issued a $7.00 price target (up previously from $6.00) on shares of Ambev in a research note on Friday, October 27th. Evercore ISI reaffirmed an “outperform” rating and issued a $8.50 price target (up previously from $7.00) on shares of Ambev in a research note on Friday, October 13th. BidaskClub lowered shares of Ambev from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Finally, TheStreet lowered shares of Ambev from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Ambev presently has a consensus rating of “Hold” and a consensus target price of $7.83.
Ambev (NYSE ABEV) traded up $0.08 during trading on Friday, reaching $6.54. 25,849,490 shares of the company traded hands, compared to its average volume of 18,344,203. Ambev has a twelve month low of $5.30 and a twelve month high of $7.04. The company has a market cap of $102,685.20, a price-to-earnings ratio of 36.11, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.08.
Ambev Company Profile
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.
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