Zacks Research Upgrades Heineken (OTCMKTS:HEINY) to Strong-Buy

Heineken (OTCMKTS:HEINY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

HEINY has been the subject of several other reports. Oddo Bhf cut Heineken to a “neutral” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Heineken in a report on Thursday, February 12th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Heineken in a report on Thursday, February 12th. Citigroup restated a “buy” rating on shares of Heineken in a research report on Thursday, February 12th. Finally, Dbs Bank cut shares of Heineken from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 12th. Four equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Heineken Stock Performance

OTCMKTS HEINY traded up $0.52 during trading on Thursday, reaching $46.22. The company’s stock had a trading volume of 71,422 shares, compared to its average volume of 65,059. The firm has a 50 day moving average price of $42.06 and a 200 day moving average price of $40.61. Heineken has a 12 month low of $38.00 and a 12 month high of $47.63. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.51 and a current ratio of 0.75.

About Heineken

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on‑trade and off‑trade channels as well as e‑commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.