StockNews.com Initiates Coverage on Ambev (NYSE:ABEV)

Equities researchers at StockNews.com began coverage on shares of Ambev (NYSE:ABEV) in a research report issued on Saturday. The firm set a “buy” rating on the stock.

Ambev Stock Down 3.0 %

Ambev stock opened at $1.79 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The firm has a 50 day moving average price of $2.09 and a 200 day moving average price of $2.20. Ambev has a fifty-two week low of $1.76 and a fifty-two week high of $2.82. The company has a market capitalization of $28.12 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 6.67 and a beta of 1.05.

Institutional Investors Weigh In On Ambev

Institutional investors have recently added to or reduced their stakes in the business. HTLF Bank purchased a new position in shares of Ambev during the third quarter worth about $26,000. MCIA Inc purchased a new position in Ambev during the 3rd quarter worth approximately $25,000. Wealthstream Advisors Inc. acquired a new position in Ambev during the third quarter worth approximately $29,000. Riversedge Advisors LLC purchased a new stake in Ambev in the third quarter valued at approximately $31,000. Finally, Foster Group Inc. acquired a new stake in shares of Ambev in the third quarter valued at approximately $33,000. Hedge funds and other 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.