Ambev (ABEV) Receives Daily Coverage Optimism Score of 0.19
Headlines about Ambev (NYSE:ABEV) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ambev earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.3830135893888 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Ambev SA (ABEV) registers a price change of 3.09% while Hercules Capital, Inc. (HTGC) finishes with a flow of 0.25% – Stocks Gallery (stocksgallery.com)
- Ambev SA (ABEV) distanced 39.72% to its 52-Week Low = Technical Watch – Voice Of Analysts (analystsbuzz.com)
- Ambev SA American Depositary (NYSE:ABEV) at ‘Overbought’ Based on Its RSI – First News 24 (firstnewspaper24.com)
- Ambev SA (ABEV) noted a price change of 0.78% and Intrepid Potash, Inc. (IPI) closes with a move of 5.74% – Stocks Gallery (stocksgallery.com)
- Credit Suisse Upgrades Ambev SA (ABEV) to Outperform – StreetInsider.com (streetinsider.com)
Ambev (NYSE:ABEV) traded up 0.15% during midday trading on Wednesday, reaching $6.69. 20,474,861 shares of the company were exchanged. The firm’s 50 day moving average price is $6.21 and its 200-day moving average price is $5.81. Ambev has a 52 week low of $4.70 and a 52 week high of $6.75. The stock has a market capitalization of $105.08 billion, a P/E ratio of 27.88 and a beta of 0.66.
Ambev (NYSE:ABEV) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The company 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 forecast that Ambev will post $0.23 EPS for the current fiscal year.
ABEV has been the topic of several research analyst reports. Zacks Investment Research raised shares of Ambev from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Monday, July 10th. Barclays PLC reissued a “hold” rating on shares of Ambev in a report on Sunday, July 30th. Finally, Credit Suisse Group raised shares of Ambev from a “neutral” rating to an “outperform” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $6.10.
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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