Zacks Investment Research downgraded shares of Heineken NV (OTCMKTS:HEINY) from a buy rating to a hold rating in a report published 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 restated a hold rating on shares of Heineken NV in a report on Friday, June 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Heineken NV presently has an average rating of Buy and a consensus target price of $59.00.

Heineken NV (OTCMKTS HEINY) opened at 51.50 on Friday. The firm has a 50-day moving average of $51.90 and a 200 day moving average of $47.78. Heineken NV has a 52 week low of $36.02 and a 52 week high of $53.35. The stock has a market capitalization of $29.35 billion, a price-to-earnings ratio of 13.45 and a beta of 0.92.

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Heineken NV Company Profile

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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