Ambev SA (ADR) (ABEV) was Downgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Morgan Stanley advised their investors in a research report released on Aug 18, 2016.
Ambev SA (ADR) closed down -0.03 points or -0.48% at $6.25 with 2,24,10,230 shares getting traded on Wednesday. Post opening the session at $6.2, the shares hit an intraday low of $6.15 and an intraday high of $6.27 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.