The stock of Ambev S.A. ADR (NYSE:ABEV) last traded at $2.33, up 0.43% from the previous session.
ABEV stock price is now -3.75% away from the 50-day moving average and -9.53% away from the 200-day moving average. The market capitalization of the company currently stands at $36.69B.
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With the price target reduced from $3.50 to $3, Barclays Downgraded its rating from Overweight to Equal Weight for Ambev S.A. ADR (NYSE: ABEV)., while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
A total of 0.00% of the company’s stock is owned by insiders.
During the past 12 months, Ambev S.A. ADR has had a low of $2.23 and a high of $3.06. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 0.99, and a quick ratio of 0.69.
The net profit margin was 18.25% and return on equity was 17.26% for ABEV. The company reported revenue of $4.04 billion for the quarter, compared to $4.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.62 percent.
Ambev S.A. ADR(ABEV) Company Profile
Ambev S.A., through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, 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, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands. The company also provides carbonated soft drinks, bottled water, isotonic beverages, energy drinks, coconut water, powdered and natural juices, and ready-to-drink teas under the Guaraná Antarctica, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Do Bem, Pepsi-Cola, Canada Dry, Squirt, Red Rock, Red Bull, Seven Up, Nutrl, Bud Light Seltzer, Palm Bay, and Mike’s brands. It offers its products through a network of third-party distributors and a direct distribution system. The company was founded in 1885 and is headquartered in São Paulo, Brazil. Ambev S.A. operates as a subsidiary of Interbrew International B.V.
