Ambev SA (ADR) (ABEV) was Downgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on May 5, 2016.
Ambev SA (ADR) opened for trading at $5.4 and hit $5.51 on the upside on Wednesday, eventually ending the session at $5.48, with a gain of 0.55% or 0.03 points. The heightened volatility saw the trading volume jump to 1,33,38,672 shares. Company has a market cap of $83,838 M.
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.