Heineken (OTCMKTS:HEINY) Downgraded by Zacks Investment Research to Sell

Heineken (OTCMKTS:HEINY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “Heineken N.V. is engaged in producing and distributing beverages. It offers beer, cider, soft drinks, and other beverages. The Company’s principal global brand is Heineken. Heineken N.V. is headquartered in Amsterdam, the Netherlands. “

OTCMKTS:HEINY traded down $0.49 on Thursday, reaching $52.95. The stock had a trading volume of 35,007 shares, compared to its average volume of 38,482. The company has a market cap of $61.00 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 2.90 and a beta of 0.72. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.87 and a quick ratio of 0.68. The firm’s fifty day moving average is $54.70 and its two-hundred day moving average is $53.15. Heineken has a 12-month low of $42.76 and a 12-month high of $57.84.

Heineken Company Profile

Heineken N.V. engages in brewing and selling beer and cider. The company operates through Africa, Middle East & Eastern Europe; Americas; Asia Pacific; and Europe segments. It offers beer, cider, soft drinks, and other beverages. The company offers its beers under the Heineken, Amstel, Desperados, Sol, Tiger, Tecate, Red Stripe, Krušovice, Birra Morett, Affligem, Lagunitas, and Mort Subite brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Orchard Thieves, Stassen, Bulmers, Old Mout, and Blind Pig brands.

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Analyst Recommendations for Heineken (OTCMKTS:HEINY)

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