StockNews.com began coverage on shares of Ambev (NYSE:ABEV – Get Free Report) in a research note issued on Monday. The brokerage set a “buy” rating on the stock.
A number of other equities analysts have also weighed in on ABEV. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Barclays cut their price target on Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Finally, Citigroup restated a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Ambev currently has an average rating of “Hold” and an average target price of $2.45.
View Our Latest Analysis on Ambev
Ambev Price Performance
Institutional Trading of Ambev
A number of hedge funds have recently bought and sold shares of the company. MCIA Inc purchased a new position in shares of Ambev in the third quarter worth $25,000. Insight Inv LLC bought a new position in shares of Ambev in the 4th quarter worth about $25,000. HTLF Bank bought a new position in Ambev during the 3rd quarter valued at approximately $26,000. Wealthstream Advisors Inc. bought a new stake in Ambev during the 3rd quarter valued at about $29,000. Finally, Exchange Traded Concepts LLC purchased a new position in Ambev in the fourth quarter worth about $30,000. Institutional investors own 8.13% of the company’s stock.
About Ambev
Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.
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