Heineken (OTCMKTS:HEINY) Downgraded to Sell at Zacks Investment Research

Heineken (OTCMKTS:HEINY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Heineken N.V. is engaged in producing and distributing beverages. It offers beer, cider, soft drinks, and other beverages. The Company’s principal global brand is Heineken. Heineken N.V. is headquartered in Amsterdam, the Netherlands. “

Shares of OTCMKTS HEINY traded up $0.23 during mid-day trading on Wednesday, hitting $52.87. 18,431 shares of the stock traded hands, compared to its average volume of 38,183. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.68 and a current ratio of 0.87. Heineken has a 52 week low of $42.76 and a 52 week high of $57.84. The company has a market cap of $61.00 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.93 and a beta of 0.72. The stock has a fifty day moving average price of $54.27 and a 200-day moving average price of $53.36.

About Heineken

Heineken N.V. engages in brewing and selling beer and cider. The company operates through Africa, Middle East & Eastern Europe; Americas; Asia Pacific; and Europe segments. It offers beer, cider, soft drinks, and other beverages. The company offers its beers under the Heineken, Amstel, Desperados, Sol, Tiger, Tecate, Red Stripe, Krušovice, Birra Morett, Affligem, Lagunitas, and Mort Subite brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Orchard Thieves, Stassen, Bulmers, Old Mout, and Blind Pig brands.

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