Heineken (OTCMKTS:HEINY) Cut to “Hold” at Dbs Bank

Dbs Bank lowered shares of Heineken (OTCMKTS:HEINY) from a moderate buy rating to a hold rating in a research note published on Thursday morning,Zacks.com reports.

Several other research analysts also recently commented on HEINY. UBS Group upgraded shares of Heineken to a “strong-buy” rating in a report on Monday, October 27th. Citigroup restated a “buy” rating on shares of Heineken in a research note on Thursday. Oddo Bhf downgraded Heineken to a “neutral” rating in a research report on Monday, January 26th. BNP Paribas Exane cut Heineken from an “outperform” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Heineken in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Heineken has a consensus rating of “Moderate Buy”.

Heineken Stock Down 2.3%

Heineken stock opened at $46.31 on Thursday. Heineken has a 1-year low of $38.00 and a 1-year high of $47.63. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.51 and a current ratio of 0.75. The stock’s fifty day moving average is $40.98 and its two-hundred day moving average is $40.20.

About Heineken

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.