Ambev S.A. (ABEV) has an average broker rating of 3, which is interpreted as a Hold, as rated by 1 equity analysts. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Ambev S.A. (ABEV) : Currently there are 2 street experts covering Ambev S.A. (ABEV) stock. The most bullish and bearish price target for the stock is $6 and $5 respectively for the short term. The average price target of all the analysts comes to $5.75. The estimated standard deviation from the target is $0.92.
Company shares have received an average consensus rating of Hold for the current week Also, Morgan Stanley downgrades its view on Ambev S.A. (NYSE:ABEV) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. Morgan Stanley raises the price target from $6 per share to $6.4 per share on Ambev S.A.. The rating by the firm was issued on August 18, 2016.
Ambev S.A. (NYSE:ABEV): stock was range-bound between the intraday low of $6.15 and the intraday high of $6.25 after having opened at $6.22 on Wednesdays session. The stock finally closed in the red at $6.22, a loss of -0.80%. The stock remained in the red for the whole trading day. The total traded volume was 10,302,356 shares. The stock failed to cross $6.25 in Wednesdays trading. The stocks closing price on Thursday was $6.25.
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.