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
Ambev Company Profile
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.
- Get a free copy of the StockNews.com research report on Ambev (ABEV)
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