Bank of America upgraded shares of AMBEV S A/S (NYSE:ABEV) from an underperform rating to a neutral rating in a research report released on Tuesday morning, Briefing.com Automated Import reports.

A number of other analysts have also commented on the company. Santander lowered AMBEV S A/S from a buy rating to a hold rating in a research report on Tuesday, February 19th. Itau BBA Securities lowered AMBEV S A/S from a market perform rating to an underperform rating in a research report on Thursday, February 28th. TheStreet raised AMBEV S A/S from a c rating to a b- rating in a research report on Friday, February 1st. Finally, Zacks Investment Research lowered AMBEV S A/S from a buy rating to a hold rating in a research report on Friday, February 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $5.33.

ABEV stock opened at $4.26 on Tuesday. AMBEV S A/S has a 1-year low of $3.77 and a 1-year high of $5.56. The stock has a market capitalization of $66.18 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.84 and a beta of 0.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.13 and a quick ratio of 0.87.

AMBEV S A/S (NYSE:ABEV) last issued its earnings results on Thursday, February 28th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. AMBEV S A/S had a return on equity of 19.60% and a net margin of 21.99%. The business had revenue of $4.21 billion during the quarter, compared to analyst estimates of $3.86 billion. Analysts expect that AMBEV S A/S will post 0.2 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in AMBEV S A/S by 43.6% during the 1st quarter. JPMorgan Chase & Co. now owns 107,693,141 shares of the company’s stock worth $463,081,000 after purchasing an additional 32,691,490 shares in the last quarter. Lazard Asset Management LLC increased its holdings in AMBEV S A/S by 6.9% during the 1st quarter. Lazard Asset Management LLC now owns 83,310,791 shares of the company’s stock worth $358,235,000 after purchasing an additional 5,367,990 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in AMBEV S A/S by 6.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 73,629,975 shares of the company’s stock worth $288,629,000 after purchasing an additional 4,509,360 shares in the last quarter. BlackRock Inc. increased its holdings in AMBEV S A/S by 55.9% during the 1st quarter. BlackRock Inc. now owns 50,530,606 shares of the company’s stock worth $217,282,000 after purchasing an additional 18,115,823 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in AMBEV S A/S by 0.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 29,149,234 shares of the company’s stock worth $125,342,000 after purchasing an additional 108,532 shares in the last quarter. 7.33% of the stock is owned by hedge funds and other institutional investors.

About AMBEV S A/S

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

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Analyst Recommendations for AMBEV S A/S (NYSE:ABEV)

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