Heineken (OTCMKTS:HEINY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Heineken (OTCMKTS:HEINY) to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada raised Heineken from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 14th. Deutsche Bank Aktiengesellschaft downgraded shares of Heineken from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th.

Heineken Stock Down 2.4 %

OTCMKTS HEINY opened at $39.71 on Wednesday. The business has a 50 day moving average price of $40.13 and a 200 day moving average price of $39.17. Heineken has a 1-year low of $32.77 and a 1-year high of $52.92. The company has a quick ratio of 0.52, a current ratio of 0.78 and a debt-to-equity ratio of 0.62.

Heineken Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, April 24th will be paid a dividend of $0.6136 per share. The ex-dividend date of this dividend is Thursday, April 24th. This is a positive change from Heineken’s previous dividend of $0.27.

About Heineken

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, Eastern Europe, and the Asia Pacific. The company provides soft drinks and water. It offers its beers under the Heineken, Heineken Light, Orchard Thieves, Orchard Thieves Light, Birra Moretti, Coors, Murphy's and Beamish Stouts, Desperados, Tiger, Sol, and Foster's brand, as well as under regional and local brands.