Ambev (NYSE:ABEV) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Ambev (NYSE:ABEV) in a research note issued on Tuesday. The firm set a “buy” rating on the stock.

Ambev Stock Performance

Shares of Ambev stock opened at $1.90 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The firm has a market cap of $29.93 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 6.67 and a beta of 1.05. The stock’s 50-day moving average is $2.20 and its 200-day moving average is $2.22. Ambev has a one year low of $1.88 and a one year high of $2.85.

Institutional Trading of Ambev

A number of institutional investors have recently made changes to their positions in the business. MCIA Inc bought a new position in Ambev in the third quarter valued at $25,000. HTLF Bank acquired a new position in shares of Ambev during the 3rd quarter worth about $26,000. Wealthstream Advisors Inc. bought a new position in shares of Ambev in the 3rd quarter valued at about $29,000. Riversedge Advisors LLC acquired a new stake in shares of Ambev in the third quarter valued at about $31,000. Finally, Foster Group Inc. acquired a new position in Ambev during the third quarter valued at approximately $33,000. Institutional investors own 8.13% of the company’s stock.

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.