Ambev S.A. (ABEV) Sees Unusually-High Trading Volume
Ambev S.A. (NYSE:ABEV) saw an uptick in trading volume on Tuesday . 38,503,012 shares changed hands during mid-day trading, an increase of 80% from the previous session’s volume of 21,332,127 shares.The stock last traded at $6.35 and had previously closed at $6.27.
Several equities research analysts have commented on the stock. Evercore ISI set a $9.00 price target on Ambev and gave the company a “buy” rating in a research report on Sunday, October 15th. Zacks Investment Research cut Ambev from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub cut Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 28th. Credit Suisse Group upgraded Ambev from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 12th. Finally, Barclays PLC reiterated an “equal weight” rating on shares of Ambev in a research report on Saturday, October 28th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Ambev currently has a consensus rating of “Hold” and a consensus price target of $7.83.
The firm has a market capitalization of $99,701.99, a P/E ratio of 27.61 and a beta of 0.71. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.08.
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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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