Zacks Investment Research Downgrades Heineken NV (HEINY) to Sell
Zacks Investment Research downgraded shares of Heineken NV (OTCMKTS:HEINY) from a hold rating to a sell rating in a report released on Monday morning.
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 reaffirmed a hold rating on shares of Heineken NV in a research note on Friday, June 23rd.
Heineken NV (HEINY) opened at 50.62 on Monday. Heineken NV has a 12 month low of $36.02 and a 12 month high of $53.35. The stock has a 50 day moving average price of $51.00 and a 200 day moving average price of $48.70. The stock has a market capitalization of $28.85 billion, a P/E ratio of 13.17 and a beta of 0.89.
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About Heineken NV
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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