Ambev S.A. (ABEV) : Zacks Investment Research ranks Ambev S.A. (ABEV) as 3, which is a Hold recommendation. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 1 research analysts is 3, which indicates as a Hold.
Ambev S.A. (ABEV) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $6 and the lowest price target forecast is $5. The average forecast of all the analysts is $5.75 and the expected standard deviation is $0.92.
Ambev S.A. has dropped 3.34% in the last five trading days, however, the shares have posted positive gains of 3.58% in the last 4 weeks. Ambev S.A. is up 16.96% in the last 3-month period. Year-to-Date the stock performance stands at 36.1%. Ambev S.A. (NYSE:ABEV): On Tuesdays trading session , Opening price of the stock was $6.15 with an intraday high of $6.18. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6.06. However, the stock managed to close at $6.07, a loss of 0.49% for the day. On the previous day, the stock had closed at $6.1. The total traded volume of the day was 11,356,337 shares.
Ambev SA, known as Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewers sector. Ambev produces, distributes and sell beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated products across the Americas. The Company conducts its operations through three business units: Latin America North includes its operations in Brazil, where Ambev operates two divisions: beer sales (Beer Brazil) and carbonated soft drinks and non-alcoholic non-carbonated sales (CSD & NANC Brazil), and its Hispanic Latin America Operations, Excluding Latin America South (HILA-Ex), which includes its operations in the Dominican Republic, Venezuela, Ecuador, Guatemala (which also serves El Salvador and Nicaragua) and Peru; Latin America South includes its operations in Argentina, Bolivia, Paraguay, Uruguay and Chile, and Canada, among others.