Tsingtao Brewery (OTCMKTS:TSGTY – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, Zacks reports.
Tsingtao Brewery Price Performance
Tsingtao Brewery stock opened at $25.00 on Monday. Tsingtao Brewery has a 12 month low of $24.55 and a 12 month high of $36.69. The business’s fifty day simple moving average is $26.43 and its two-hundred day simple moving average is $30.17.
Tsingtao Brewery Company Profile
Tsingtao Brewery Co, Ltd. is a China-based beverage company best known for producing and selling Tsingtao beer, one of the country’s most recognized beer brands. Its product portfolio includes traditional lagers, premium and craft-style beers, and other beverage offerings marketed under the Tsingtao brand and related labels.
The company traces its history to 1903, when the brewery was established in Qingdao, Shandong Province. Over time, Tsingtao Brewery expanded from a regional producer into a large-scale brewer serving consumers throughout China.
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