Heineken (OTCMKTS:HEINY) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Heineken (OTCMKTS:HEINY) from a hold rating to a sell rating in a research note released on Wednesday, 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, BNP Paribas assumed coverage on shares of Heineken in a research note on Friday, January 31st. They issued a neutral rating for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Heineken currently has a consensus rating of Hold and a consensus target price of $59.00.

Shares of OTCMKTS HEINY opened at $56.47 on Wednesday. Heineken has a 1-year low of $49.28 and a 1-year high of $57.84. The company has a quick ratio of 0.53, a current ratio of 0.71 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average of $54.63 and a two-hundred day moving average of $53.24.

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, May 14th. Shareholders of record on Tuesday, April 28th will be paid a $0.462 dividend. The ex-dividend date of this dividend is Monday, April 27th. Heineken’s dividend payout ratio is presently 23.46%.

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.

Featured Story: What member countries make up the G-20?

Get a free copy of the Zacks research report on Heineken (HEINY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Heineken Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heineken and related companies with MarketBeat.com's FREE daily email newsletter.