Heineken (OTCMKTS:HEINY) Stock Rating Upgraded by Zacks Investment Research

Heineken (OTCMKTS:HEINYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday, 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. “

Other research analysts have also issued research reports about the company. HSBC raised Heineken from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley boosted their target price on Heineken from €95.00 ($102.15) to €98.00 ($105.38) and gave the stock an “equal weight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on Heineken from €97.00 ($104.30) to €105.00 ($112.90) in a research report on Friday. Credit Suisse Group boosted their target price on Heineken from €120.00 ($129.03) to €121.00 ($130.11) in a research report on Friday. Finally, Berenberg Bank boosted their price objective on Heineken from €104.50 ($112.37) to €105.60 ($113.55) and gave the company a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $96.09.

Shares of OTCMKTS HEINY traded up $0.56 during midday trading on Friday, hitting $51.35. 73,467 shares of the company’s stock were exchanged, compared to its average volume of 59,351. Heineken has a 12-month low of $42.59 and a 12-month high of $61.88. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 0.69. The business’s fifty day moving average price is $48.83 and its two-hundred day moving average price is $52.47.

Heineken Company Profile (Get Rating)

Heineken N.V. engages in the brewing and selling of beer and cider. It also provides soft drinks and water. It offers its beers under the Heineken, Amstel, Desperados, Sol, Tiger, Birra Moretti, 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, Follow The Fox, Cidrerie Stassen, Bulmers, Old Mout, and Blind Pig brands.

Read More

Get a free copy of the Zacks research report on Heineken (HEINY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Heineken (OTCMKTS:HEINY)

Receive News & Ratings for Heineken Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heineken and related companies with MarketBeat.com's FREE daily email newsletter.