Ambev S.A. (NYSE:ABEV) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Ambev S.A. (NYSE:ABEV - Get Free Report) have been given an average recommendation of "Hold" by the five brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $2.70.

Separately, StockNews.com initiated coverage on shares of Ambev in a research report on Friday, October 18th. They set a "buy" rating for the company.

Institutional Investors Weigh In On Ambev

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MCIA Inc purchased a new stake in shares of Ambev during the third quarter worth $25,000. HTLF Bank purchased a new stake in Ambev during the 3rd quarter worth about $26,000. Wealthstream Advisors Inc. purchased a new stake in Ambev during the 3rd quarter worth about $29,000. Riversedge Advisors LLC bought a new position in Ambev in the 3rd quarter worth about $31,000. Finally, Foster Group Inc. purchased a new position in Ambev during the 3rd quarter valued at about $33,000. 8.13% of the stock is currently owned by institutional investors.

Ambev Stock Performance

ABEV traded down $0.03 during trading on Friday, hitting $2.12. 29,058,230 shares of the company traded hands, compared to its average volume of 19,830,690. Ambev has a one year low of $2.01 and a one year high of $3.00. The stock's fifty day moving average is $2.27 and its 200 day moving average is $2.24. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm has a market cap of $33.40 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 6.60 and a beta of 1.06.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.