Ambev (NYSE:ABEV) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Ambev (NYSE:ABEV – Get Rating) in a research note released on Thursday morning. The brokerage issued a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. UBS Group raised shares of Ambev from a sell rating to a buy rating in a research report on Thursday, January 12th. TheStreet raised shares of Ambev from a c+ rating to a b rating in a research report on Friday, December 9th.

Ambev Stock Performance

Shares of ABEV opened at $2.69 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.61 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $42.33 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 1.70 and a beta of 1.02. The firm’s fifty day simple moving average is $2.59 and its two-hundred day simple moving average is $2.79. Ambev has a 12 month low of $2.40 and a 12 month high of $3.32.

Hedge Funds Weigh In On Ambev

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in shares of Ambev by 244.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 43,146,270 shares of the company’s stock worth $108,297,000 after acquiring an additional 30,623,051 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Ambev by 1,244.4% in the 4th quarter. National Bank of Canada FI now owns 29,983,149 shares of the company’s stock worth $81,554,000 after acquiring an additional 27,753,000 shares during the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Ambev by 340.5% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 18,558,006 shares of the company’s stock worth $52,519,000 after acquiring an additional 14,345,031 shares during the last quarter. FMR LLC raised its holdings in shares of Ambev by 12.2% in the 2nd quarter. FMR LLC now owns 126,786,814 shares of the company’s stock worth $318,235,000 after acquiring an additional 13,771,594 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Ambev by 39.1% in the 3rd quarter. BlackRock Inc. now owns 48,691,824 shares of the company’s stock worth $137,798,000 after acquiring an additional 13,691,138 shares during the last quarter. Institutional investors own 8.75% of the company’s stock.

Ambev Company Profile

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Ambev SA engages in the production, distribution, and sale of beverages. Its products include beer, carbonated soft drinks, and other non-alcoholic and non-carbonated products. It operates through the following geographical segments: Brazil, and Central America and The Caribbean (CAC), and Canada. The Brazil segment focuses on the beer sales division and the NAB sales division.