Ambev S.A. (ABEV) : Zacks Investment Research ranks Ambev S.A. (ABEV) as 3, which is a Hold recommendation. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 2 research analysts is 2.25, which indicates as a Buy.
Ambev S.A. (ABEV) : The highest short term price target forecast on Ambev S.A. (ABEV) is $6 and the lowest target price is $5. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $5.37 with a standard deviation of $0.55.
Company shares have received an average consensus rating of Hold for the current week Ambev S.A. (NYSE:ABEV): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.12 and $6.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.21, notching a gain of 1.97% for the day. The total traded volume was 15,484,822 . The stock had closed at $6.09 on the previous day.
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.