Treasury Wine Estates (OTCMKTS:TSRYY) Upgraded by The Goldman Sachs Group to “Hold” Rating

The Goldman Sachs Group upgraded shares of Treasury Wine Estates (OTCMKTS:TSRYY) to a hold rating in a report released on Tuesday morning,Zacks.com reports.

TSRYY has been the topic of several other reports. Citigroup raised shares of Treasury Wine Estates from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Zacks Research raised shares of Treasury Wine Estates to a “hold” rating in a report on Friday, June 5th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $5.20.

Treasury Wine Estates Stock Down 0.6%

Treasury Wine Estates stock opened at $3.15 on Tuesday. The stock has a 50-day moving average price of $3.11 and a 200 day moving average price of $3.20. Treasury Wine Estates has a 52 week low of $2.25 and a 52 week high of $5.55.

About Treasury Wine Estates

Treasury Wine Estates is a Melbourne‐based global wine company that produces, markets and distributes a broad portfolio of wines. Its portfolio spans premium, luxury and commercial brands, including Penfolds, Beringer, Stags’ Leap Family Vineyards, Wolf Blass, Lindeman’s and Matua. The company sources fruit from a mix of owned vineyards and long-term grower partnerships across key wine regions in Australia, California and New Zealand.

The business was established in 2011 following a demerger from Foster’s Group and traces its heritage back to the founding of Penfolds in 1844.