AMBEV S A/S (NYSE:ABEV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “Companhia de Bebidas das Americas (AmBev), based in São Paulo, is engaged in producing, distributing and selling beer, carbonated soft drinks and other non-alcoholic and non-carbonated products in many countries across the Americas. It maintains an agreement with PepsiCo International, Inc. to bottle, sell and distribute Pepsi products in Brazil and in other Latin American countries, including Lipton Ice Tea, Gatorade, H2OH!, Propel and Frutzzz. AmBev conducts its operations through three business units: Latin America North, Latin America South and Canada. Latin America North includes its operations in Brazil, where it operates two divisions: beer sales and carbonated soft drinks and non-alcoholic non-carbonated sales; and its operations in its Hispanic Latin America Operations, excluding Latin America South, operations. Latin America South includes its Quinsa operations in the countries of Argentina, Bolivia, Paraguay, Uruguay and Chile. Canada, represented by Labatt, includes domestic sales in Canada. “

Other analysts also recently issued research reports about the stock. Itau BBA Securities downgraded shares of AMBEV S A/S from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. raised shares of AMBEV S A/S from an “underweight” rating to a “neutral” rating and set a $6.00 price target for the company in a research report on Friday, July 26th. Barclays downgraded shares of AMBEV S A/S from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 27th. Finally, ValuEngine downgraded shares of AMBEV S A/S from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $5.50.

NYSE ABEV opened at $4.15 on Wednesday. The company has a fifty day simple moving average of $4.48 and a 200 day simple moving average of $4.62. AMBEV S A/S has a 12-month low of $3.77 and a 12-month high of $5.45. The company has a current ratio of 1.33, a quick ratio of 1.05 and a debt-to-equity ratio of 0.07. The company has a market cap of $65.43 billion, a P/E ratio of 21.84, a PEG ratio of 3.96 and a beta of 0.69.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new stake in AMBEV S A/S in the 2nd quarter valued at $28,000. FTB Advisors Inc. boosted its holdings in AMBEV S A/S by 345.2% during the 2nd quarter. FTB Advisors Inc. now owns 8,170 shares of the company’s stock worth $37,000 after acquiring an additional 6,335 shares during the last quarter. Signaturefd LLC boosted its holdings in AMBEV S A/S by 75.5% during the 2nd quarter. Signaturefd LLC now owns 9,288 shares of the company’s stock worth $43,000 after acquiring an additional 3,996 shares during the last quarter. Pacer Advisors Inc. purchased a new position in AMBEV S A/S during the 2nd quarter worth $48,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in AMBEV S A/S during the 2nd quarter worth $49,000. 7.45% of the stock is owned by institutional investors and hedge funds.

AMBEV S A/S Company Profile

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

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Analyst Recommendations for AMBEV S A/S (NYSE:ABEV)

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