Molson Coors Brewing Company (TAP) : Analyst Rating Update

Molson Coors Brewing Company (TAP) : Zacks Investment Research ranks Molson Coors Brewing Company (TAP) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 1.5, which indicates as a Strong Buy.

Molson Coors Brewing Company (TAP) : The most positive equity analysts on Molson Coors Brewing Company (TAP) expects the shares to touch $136, whereas, the least positive believes that the stock will trade at $100 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $116 with an expected fluctuation of $18.33 from the mean.

Molson Coors Brewing Company (NYSE:TAP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $99.80 and $99.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $101.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $101.27, notching a gain of 0.83% for the day. The total traded volume was 1,416,190 . The stock had closed at $100.44 on the previous day.

Also, Citigroup initiates coverage on Molson Coors Brewing Company (NYSE:TAP).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup announces the price target of $97 per share. The rating by the firm was issued on April 8, 2016. The company shares have rallied 43.30% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $104.15 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $100.22 and the 200 Day Moving Average price is recorded at $93.98.

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 Sharps 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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