Heineken (OTCMKTS:HEINY) Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Heineken (OTCMKTS:HEINY) from a hold rating to a sell rating in a research note published on Tuesday morning, 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. “

Separately, ValuEngine cut shares of Heineken from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $59.00.

Shares of OTCMKTS:HEINY traded up $0.21 during trading on Tuesday, hitting $51.95. The company had a trading volume of 30,646 shares, compared to its average volume of 29,455. The company has a fifty day simple moving average of $52.17 and a two-hundred day simple moving average of $53.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.71 and a quick ratio of 0.53. Heineken has a one year low of $42.76 and a one year high of $57.84. The stock has a market cap of $58.97 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 2.87 and a beta of 0.69.

About Heineken

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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