Zacks Investment Research upgraded shares of Heineken NV (OTCMKTS:HEINY) from a hold rating to a buy rating in a research report report published on Monday morning. The firm currently has $59.00 price objective on the stock.

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. “

Separately, Stifel Nicolaus reissued a hold rating on shares of Heineken NV in a research report on Friday, June 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Heineken NV has an average rating of Buy and a consensus price target of $59.00.

Heineken NV (HEINY) opened at 50.08 on Monday. The stock has a 50 day moving average of $51.86 and a 200 day moving average of $47.85. Heineken NV has a 52 week low of $36.02 and a 52 week high of $53.35. The stock has a market capitalization of $28.54 billion, a P/E ratio of 13.08 and a beta of 0.92.

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About Heineken NV

Heineken N.V. engages in brewing and selling beer. 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, Affligem, Tiger, Tecate, Krusovice, and Red Stripe brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Blind Pig, Stassen, Bulmers, Old Mout, and Orchard Thieves brands.

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