Ambev S.A. (ABEV) : Zacks Investment Research ranks Ambev S.A. (ABEV) as 3, which is a Hold recommendation. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 1 research analysts is 3, which indicates as a Hold.
Ambev S.A. (ABEV) : 2 investment research analysts covering Ambev S.A. (ABEV) have an average price target of $5.75 for the near short term. The highest target price given by the Brokerage Firm to the stock is $6 and the lowest target is $5 for the short term. Analysts expect the variance to be within $0.92 of the average price.
Also, Equity Analysts at the Morgan Stanley downgrades the rating on Ambev S.A. (NYSE:ABEV). The brokerage firm has issued a Equal-weight rating on the shares. The shares were previously rated Overweight. The Analysts at the ratings agency raises the price target from $6 per share to $6.4 per share. The rating by the firm was issued on August 18, 2016.
Ambev S.A. (NYSE:ABEV): After opening at $5.91, the stock dipped to an intraday low of $5.85 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.98 and the buying power remained strong till the end. The stock closed at $5.97 for the day, a gain of 1.53% for the day session. The total traded volume was 12,555,527. The stocks close on the previous trading day was $5.88.
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.