Ambev (NYSE:ABEV) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Ambev (NYSE:ABEV) in a report issued on Thursday. The brokerage set a “buy” rating on the stock.

Ambev Price Performance

ABEV opened at $1.85 on Thursday. The firm has a market capitalization of $29.14 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 6.67 and a beta of 1.05. Ambev has a one year low of $1.82 and a one year high of $2.82. The company has a fifty day moving average price of $2.15 and a 200-day moving average price of $2.21. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89.

Institutional Investors Weigh In On Ambev

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

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.