Ambev S.A. (ABEV) : Analyst Rating Update

Ambev S.A. (ABEV) : The consensus on Ambev S.A. (ABEV) based on 2 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Ambev S.A. (ABEV) : Currently there are 4 street experts covering Ambev S.A. (ABEV) stock. The most bullish and bearish price target for the stock is $7 and $5 respectively for the short term. The average price target of all the analysts comes to $5.78. The estimated standard deviation from the target is $0.93.

Ambev S.A. (NYSE:ABEV): The stock opened at $5.77 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.78 for the day. The stock traded down to $5.67 during the day, due to lack of any buying support eventually closed down at $5.75 with a loss of -1.03% for the day. The stock had closed at $5.81 on the previous day. The total traded volume was 8,243,999 shares.

Also, In a research note released to the investors, JP Morgan downgrades its rating on Ambev S.A. (NYSE:ABEV).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. In a recent information released to the investors, JP Morgan lowers the new price target from $5.1 per share to $5 per share. The rating by the firm was issued on May 5, 2016. The company shares have dropped -1.36% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $6.30 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $5.44 and the 200 Day Moving Average price is recorded at $4.98.

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.

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