Bryan Garnier Upgrades Molson Coors Brewing Company to Buy

Brokerage firm Bryan Garnier Upgrades its rating on Molson Coors Brewing Company(NYSE:TAP). The shares have been rated Buy. The rating by Bryan Garnier was issued on Jul 8, 2016.

Molson Coors Brewing Company (TAP) shares turned negative on Wednesdays trading session with the shares closing down -0.2 points or -0.20% at a volume of 14,86,030. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $102.15. The peak price level was also seen at $102.15 while the days lowest was $101.15. Finally the shares closed at $101.2. The 52-week high of the shares is $104.15 while the 52-week low is $63.91. According to the latest information available, the market cap of the company is $21,726 M.

Molson Coors Brewing Company(TAP) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $657.20M. Analysts had an estimated revenue of $627.65M. Earnings per share were $0.54. Analysts had estimated an EPS of $0.43.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Krishnan Anand (Pres & CEO Molson Coors Int’l) sold 2,260 shares at $102.00 per share price.Also, On May 6, 2016, Brenda Davis (Chief Integration Officer) sold 3,000 shares at $98.03 per share price.On Mar 7, 2016, Samuel D Walker (Chief People & Legal Officer) sold 63,800 shares at $88.46 per share price, according to the Form-4 filing with the securities and exchange commission.

Molson Coors Brewing Company (MCBC) is a holding Company that operates as a brewer. The Company has a portfolio of owned and partner brands including Carling Coors Light Molson Canadian and Staropramen brands as well as craft and beers such as Blue Moon Creemore Springs Cobra and Sharp’s Doom Bar. The Company operates in four segments: Molson Coors Canada (MCC or Canada segment) operating in Canada; MillerCoors LLC (MillerCoors or U.S. segment) operating in the United States (U.S.); Molson Coors Europe (Europe segment) operating in Bosnia-Herzegovina Bulgaria Croatia Czech Republic Hungary Montenegro Republic of Ireland Romania Serbia Slovakia and the United Kingdom (U.K.) and Molson Coors International (MCI) operating in various other countries.

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