Heineken (OTCMKTS:HEINY) Upgraded by Zacks Investment Research to Hold

Heineken (OTCMKTS:HEINY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, 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. “

A number of other brokerages have also issued reports on HEINY. Deutsche Bank Aktiengesellschaft raised their price target on shares of Heineken from €97.00 ($103.19) to €105.00 ($111.70) in a report on Friday, April 22nd. Morgan Stanley raised their price target on shares of Heineken from €95.00 ($101.06) to €98.00 ($104.26) and gave the stock an “equal weight” rating in a report on Friday, April 22nd. Berenberg Bank raised their price target on shares of Heineken from €104.50 ($111.17) to €105.60 ($112.34) and gave the stock a “hold” rating in a report on Friday, April 22nd. Barclays lowered shares of Heineken from an “equal weight” rating to an “underweight” rating in a report on Monday, March 28th. Finally, HSBC raised shares of Heineken from a “hold” rating to a “buy” rating in a report on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $99.70.

Shares of HEINY stock traded down $0.03 on Tuesday, hitting $48.28. 33,004 shares of the company’s stock traded hands, compared to its average volume of 65,442. Heineken has a one year low of $42.59 and a one year high of $61.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.79 and a quick ratio of 0.59. The company’s fifty day simple moving average is $48.54 and its 200 day simple moving average is $51.68.

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.

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