Tsingtao Brewery (OTCMKTS:TSGTY – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.
Tsingtao Brewery Stock Performance
Tsingtao Brewery stock opened at $25.00 on Monday. Tsingtao Brewery has a twelve month low of $24.55 and a twelve month high of $36.69. The company’s 50-day moving average price is $26.43 and its 200-day moving average price is $30.17.
About Tsingtao Brewery
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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