Heineken (OTCMKTS:HEINY) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Heineken (OTCMKTS:HEINY) from a sell rating to a hold rating in a research 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. “

Separately, ValuEngine downgraded Heineken from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Heineken presently has a consensus rating of Hold and a consensus price target of $59.00.

Heineken stock opened at $52.47 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.71 and a quick ratio of 0.53. The company has a market capitalization of $61.97 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 2.93 and a beta of 0.70. Heineken has a one year low of $42.76 and a one year high of $57.84. The business has a 50 day simple moving average of $53.65 and a 200 day simple moving average of $54.11.

Heineken Company Profile

Heineken N.V. engages in brewing and selling beer and cider. The company operates through Africa, Middle East & Eastern Europe; Americas; Asia Pacific; and Europe segments. It offers beer, cider, soft drinks, and other beverages. The company offers its beers under the Heineken, Amstel, Desperados, Sol, Tiger, Tecate, Red Stripe, Krušovice, Birra Morett, 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, Stassen, Bulmers, Old Mout, and Blind Pig brands.

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