Ambev S.A. (NYSE:ABEV) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Several other equities research analysts also recently issued reports on the stock. Credit Suisse Group raised shares of Ambev from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of Ambev from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Monday, July 10th. Evercore ISI reaffirmed an “outperform” rating and set a $8.50 price target (up previously from $7.00) on shares of Ambev in a research note on Friday, October 13th. Finally, Barclays PLC reissued a “hold” rating on shares of Ambev in a report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $7.28.

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A number of hedge funds have recently made changes to their positions in the business. Bbva Compass Bancshares Inc. grew its holdings in Ambev by 11.5% during the 3rd quarter. Bbva Compass Bancshares Inc. now owns 304,338 shares of the company’s stock worth $2,006,000 after acquiring an additional 31,357 shares in the last quarter. Deltec Asset Management LLC grew its holdings in Ambev by 11.9% during the 3rd quarter. Deltec Asset Management LLC now owns 700,275 shares of the company’s stock worth $4,615,000 after acquiring an additional 74,500 shares in the last quarter. Tocqueville Asset Management L.P. grew its holdings in Ambev by 8.0% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 3,977,983 shares of the company’s stock worth $26,215,000 after acquiring an additional 296,153 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Ambev during the 3rd quarter worth $1,847,000. Finally, Eagle Ridge Investment Management grew its holdings in Ambev by 6.2% during the 3rd quarter. Eagle Ridge Investment Management now owns 417,094 shares of the company’s stock worth $2,749,000 after acquiring an additional 24,529 shares in the last quarter. 7.32% of the stock is owned by institutional investors.

About Ambev

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.

Analyst Recommendations for Ambev (NYSE:ABEV)

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