Heineken (OTCMKTS:HEINY) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Heineken (OTCMKTS:HEINY) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

HEINY has been the topic of a number of other reports. BNP Paribas Exane downgraded shares of Heineken from an “outperform” rating to a “hold” rating in a research report on Monday, January 12th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Heineken in a report on Thursday, February 12th. Dbs Bank downgraded Heineken from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 12th. Oddo Bhf cut Heineken to a “neutral” rating in a research report on Monday, January 26th. Finally, Citigroup restated a “buy” rating on shares of Heineken in a research report on Thursday, February 12th. Four analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Heineken Stock Up 1.1%

HEINY traded up $0.52 during trading hours on Thursday, hitting $46.22. 71,422 shares of the stock were exchanged, compared to its average volume of 65,059. The stock has a 50-day simple moving average of $42.06 and a 200-day simple moving average of $40.61. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.51 and a current ratio of 0.75. Heineken has a 12 month low of $38.00 and a 12 month high of $47.63.

About Heineken

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on‑trade and off‑trade channels as well as e‑commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.