AMBEV S A/S (NYSE:ABEV) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $3.70.

A number of equities research analysts have weighed in on ABEV shares. HSBC raised AMBEV S A/S from a “reduce” rating to a “hold” rating in a report on Monday. Zacks Investment Research raised AMBEV S A/S from a “sell” rating to a “hold” rating in a report on Monday, July 13th. TheStreet raised AMBEV S A/S from a “d+” rating to a “c-” rating in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. raised AMBEV S A/S from an “underweight” rating to a “neutral” rating in a report on Friday, July 31st.

Shares of NYSE ABEV traded down $0.12 during midday trading on Friday, reaching $2.42. 1,385,420 shares of the company were exchanged, compared to its average volume of 32,443,783. The company has a current ratio of 1.24, a quick ratio of 0.97 and a debt-to-equity ratio of 0.04. AMBEV S A/S has a 1 year low of $1.90 and a 1 year high of $4.81. The stock has a fifty day simple moving average of $2.43 and a 200 day simple moving average of $2.49. The stock has a market cap of $39.95 billion, a P/E ratio of 19.16, a PEG ratio of 4.16 and a beta of 0.91.

AMBEV S A/S (NYSE:ABEV) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). AMBEV S A/S had a net margin of 17.92% and a return on equity of 14.19%. The business had revenue of $2.16 billion during the quarter. As a group, analysts forecast that AMBEV S A/S will post 0.1 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of ABEV. First Eagle Investment Management LLC raised its stake in shares of AMBEV S A/S by 26.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 209,032,680 shares of the company’s stock worth $551,846,000 after buying an additional 43,903,502 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of AMBEV S A/S by 11.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 95,462,579 shares of the company’s stock worth $219,564,000 after buying an additional 10,014,262 shares during the last quarter. Westwood Global Investments LLC raised its stake in shares of AMBEV S A/S by 49.2% during the 2nd quarter. Westwood Global Investments LLC now owns 71,354,826 shares of the company’s stock worth $188,376,000 after buying an additional 23,535,532 shares during the last quarter. AKO Capital LLP raised its stake in shares of AMBEV S A/S by 10.1% during the 2nd quarter. AKO Capital LLP now owns 51,823,331 shares of the company’s stock worth $136,814,000 after buying an additional 4,755,800 shares during the last quarter. Finally, Sprucegrove Investment Management Ltd. raised its stake in shares of AMBEV S A/S by 153.6% during the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 42,531,700 shares of the company’s stock worth $112,284,000 after buying an additional 25,763,800 shares during the last quarter. 8.66% of the stock is currently owned by 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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