Credit Suisse Group upgraded shares of Ambev S.A. (NYSE:ABEV) from a neutral rating to an outperform rating in a research report sent to investors on Tuesday morning.

Several other equities analysts have also commented on the company. Zacks Investment Research lowered Ambev from a buy rating to a hold rating in a research report on Monday, July 31st. Barclays PLC restated a hold rating on shares of Ambev in a report on Sunday, July 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $6.10.

Shares of Ambev (ABEV) opened at 6.655 on Tuesday. The company’s 50 day moving average is $6.19 and its 200-day moving average is $5.80. The stock has a market capitalization of $104.53 billion, a price-to-earnings ratio of 27.729 and a beta of 0.66. Ambev has a 1-year low of $4.70 and a 1-year high of $6.68.

Ambev (NYSE:ABEV) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.33 billion. Ambev had a return on equity of 23.24% and a net margin of 27.14%. Equities analysts anticipate that Ambev will post $0.23 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the business. Wedbush Securities Inc. increased its holdings in Ambev by 2.2% during the 1st quarter. Wedbush Securities Inc. now owns 17,365 shares of the company’s stock worth $100,000 after purchasing an additional 369 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Ambev during the 2nd quarter worth approximately $111,000. King Luther Capital Management Corp purchased a new stake in Ambev during the 1st quarter worth approximately $121,000. Stephens Inc. AR purchased a new stake in Ambev during the 2nd quarter worth approximately $132,000. Finally, FFT Wealth Management LLC increased its holdings in Ambev by 84.7% during the 1st quarter. FFT Wealth Management LLC now owns 23,489 shares of the company’s stock worth $135,000 after purchasing an additional 10,771 shares during the last quarter. Institutional investors own 7.29% of the company’s stock.

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.

Analyst Recommendations for Ambev (NYSE:ABEV)

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