Tsingtao Brewery (TSGTY) Projected to Announce Earnings on Friday

Tsingtao Brewery (OTCMKTS:TSGTY) is projected to issue its resultson Friday, June 26th. Analysts expect Tsingtao Brewery to post earnings of $0.93 per share and revenue of $1.4701 billion for the quarter.

Tsingtao Brewery Price Performance

Shares of OTCMKTS:TSGTY opened at $30.00 on Friday. Tsingtao Brewery has a 12 month low of $28.75 and a 12 month high of $36.69. The company has a 50-day moving average price of $32.55 and a 200 day moving average price of $32.49.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Tsingtao Brewery to a “hold” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Tsingtao Brewery Company Profile

Tsingtao Brewery Co, Ltd., founded in 1903 and headquartered in Qingdao, Shandong Province, is one of China’s longest-established and most widely recognized beer producers. The company’s core business centers on the brewing, packaging and distribution of beer under its flagship Tsingtao brand, alongside a portfolio of specialty and seasonal brews. Over more than a century of operation, Tsingtao has built a reputation for quality pale lagers and malt beverages, leveraging traditional brewing techniques alongside modern production processes.

In addition to its primary domestic operations, Tsingtao Brewery maintains an extensive export network spanning Asia, North America, Europe and other international markets.