Citigroup Upgrades Treasury Wine Estates (OTCMKTS:TSRYY) to Hold

Key Points

• Citigroup upgraded Treasury Wine Estates (TSRYY) from a "strong sell" to a "hold" in its latest research note.
• UBS recently cut TSRYY from "hold" to "strong sell," and the stock has a MarketBeat consensus rating of "Reduce" with an average target price of $5.20 (three Hold ratings, one Sell).
• TSRYY opened at $3.21, with a 50-day moving average of $2.87, a 200-day moving average of $3.44, and a 12-month range of $2.25 to $6.14.

Treasury Wine Estates (OTCMKTS:TSRYY - Get Free Report) was upgraded by equities researchers at Citigroup from a "strong sell" rating to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

Separately, UBS Group lowered Treasury Wine Estates from a "hold" rating to a "strong sell" rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $5.20.

Treasury Wine Estates Stock Performance

Shares of TSRYY opened at $3.21 on Tuesday. The stock's 50-day moving average price is $2.87 and its 200 day moving average price is $3.44. Treasury Wine Estates has a 12-month low of $2.25 and a 12-month high of $6.14.

About Treasury Wine Estates

Treasury Wine Estates is a Melbourne‐based global wine company that produces, markets and distributes a broad portfolio of wines. Its portfolio spans premium, luxury and commercial brands, including Penfolds, Beringer, Stags' Leap Family Vineyards, Wolf Blass, Lindeman's and Matua. The company sources fruit from a mix of owned vineyards and long-term grower partnerships across key wine regions in Australia, California and New Zealand.

The business was established in 2011 following a demerger from Foster's Group and traces its heritage back to the founding of Penfolds in 1844.

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