Heineken (OTCMKTS:HEINY) Cut to Sell at Zacks Investment Research

Heineken (OTCMKTS:HEINY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued 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. “

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Separately, ValuEngine cut Heineken from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $59.00.

OTCMKTS HEINY traded up $0.21 on Tuesday, reaching $51.95. The stock had a trading volume of 30,646 shares, compared to its average volume of 35,612. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.53 and a current ratio of 0.71. Heineken has a 12-month low of $42.76 and a 12-month high of $57.84. The business’s 50-day moving average price is $52.17 and its 200 day moving average price is $53.81. The stock has a market cap of $58.97 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 2.87 and a beta of 0.69.

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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