Ambev (NYSE:ABEV) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Ambev (NYSE:ABEV – Get Rating) in a research note issued on Thursday. The firm set a “buy” rating on the stock.

ABEV has been the subject of a number of other reports. UBS Group raised Ambev from a “sell” rating to a “buy” rating in a research note on Thursday, January 12th. TheStreet raised Ambev from a “c+” rating to a “b” rating in a research note on Friday, December 9th.

Ambev Stock Performance

NYSE:ABEV opened at $2.65 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.61 and a debt-to-equity ratio of 0.03. Ambev has a 12-month low of $2.40 and a 12-month high of $3.32. The stock has a 50-day moving average price of $2.59 and a 200 day moving average price of $2.80. The stock has a market capitalization of $41.70 billion, a P/E ratio of 14.72, a P/E/G ratio of 1.66 and a beta of 1.02.

Institutional Investors Weigh In On Ambev

Several institutional investors have recently modified their holdings of the stock. Checchi Capital Advisers LLC lifted its stake in shares of Ambev by 4.9% in the 3rd quarter. Checchi Capital Advisers LLC now owns 78,692 shares of the company’s stock valued at $223,000 after purchasing an additional 3,658 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its stake in shares of Ambev by 3.8% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 101,551 shares of the company’s stock valued at $287,000 after purchasing an additional 3,684 shares during the last quarter. Veracity Capital LLC lifted its stake in shares of Ambev by 5.2% in the 4th quarter. Veracity Capital LLC now owns 85,773 shares of the company’s stock valued at $233,000 after purchasing an additional 4,272 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Ambev by 117.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 8,233 shares of the company’s stock valued at $27,000 after purchasing an additional 4,448 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Ambev by 21.7% in the second quarter. Quadrant Capital Group LLC now owns 26,756 shares of the company’s stock worth $67,000 after buying an additional 4,777 shares during the period. 8.75% of the stock is owned by institutional investors.

Ambev Company Profile

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Ambev SA engages in the production, distribution, and sale of beverages. Its products include beer, carbonated soft drinks, and other non-alcoholic and non-carbonated products. It operates through the following geographical segments: Brazil, and Central America and The Caribbean (CAC), and Canada. The Brazil segment focuses on the beer sales division and the NAB sales division.