Molson Coors Brewing (TAP) to Release Earnings on Wednesday
Molson Coors Brewing (NYSE:TAP) will post its quarterly earnings results before the market opens on Wednesday, February 14th. Analysts expect Molson Coors Brewing to post earnings of $0.56 per share for the quarter.
Shares of Molson Coors Brewing (NYSE:TAP) opened at $74.21 on Monday. The company has a market capitalization of $15,984.83, a PE ratio of 7.16, a P/E/G ratio of 1.99 and a beta of 0.79. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. Molson Coors Brewing has a fifty-two week low of $72.71 and a fifty-two week high of $102.14.
A number of equities research analysts recently commented on the company. Berenberg Bank upgraded Molson Coors Brewing from a “sell” rating to a “hold” rating and set a $78.00 price objective for the company in a report on Thursday. BMO Capital Markets started coverage on Molson Coors Brewing in a report on Monday, February 5th. They issued an “outperform” rating and a $95.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and issued a $112.00 target price on shares of Molson Coors Brewing in a research note on Friday, February 2nd. Zacks Investment Research cut Molson Coors Brewing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, Barclays started coverage on Molson Coors Brewing in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $94.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $96.68.
About Molson Coors Brewing
Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.
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