Heineken (OTCMKTS:HEINY) Cut to Hold at Zacks Research

Zacks Research cut shares of Heineken (OTCMKTS:HEINY) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on the company. Oddo Bhf downgraded Heineken to a “neutral” rating in a research note on Monday, January 26th. Citigroup reiterated a “buy” rating on shares of Heineken in a research note on Thursday, February 12th. BNP Paribas Exane downgraded Heineken from an “outperform” rating to a “hold” rating in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Heineken in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Heineken in a research note on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Heineken Stock Performance

HEINY stock opened at $39.75 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79. Heineken has a fifty-two week low of $37.03 and a fifty-two week high of $47.63. The stock has a fifty day moving average of $41.84 and a 200-day moving average of $40.70.

Heineken Company Profile

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on‑trade and off‑trade channels as well as e‑commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.