Heineken NV (HEINY) Rating Lowered to Hold at Zacks Investment Research

Heineken NV (OTCMKTS:HEINY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

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 note on Friday, June 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $55.00.

Shares of Heineken NV (HEINY) opened at 52.33 on Friday. The stock’s 50 day moving average price is $51.91 and its 200 day moving average price is $47.62. Heineken NV has a 52-week low of $36.02 and a 52-week high of $53.35. The company has a market capitalization of $29.83 billion, a P/E ratio of 13.67 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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