Heineken (OTCMKTS:HEINY) Upgraded by HSBC to "Buy" Rating

Key Points

• Heineken has received an upgrade from HSBC, moving from a "hold" rating to a "buy" rating, indicating analysts' increased confidence in the stock.
• Additionally, Berenberg Bank also upgraded Heineken to a "strong-buy" rating on the same day, further signaling positive market sentiment.
• The company's stock opened at $41.92, with a 12-month range showing a low of $32.77 and a high of $46.62, reflecting volatility in its price performance.

Heineken (OTCMKTS:HEINY - Get Free Report) was upgraded by equities researchers at HSBC from a "hold" rating to a "buy" rating in a report released on Wednesday, Marketbeat.com reports.

Separately, Berenberg Bank raised shares of Heineken to a "strong-buy" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

Heineken Trading Down 0.3%

Heineken stock traded down $0.13 during trading hours on Wednesday, reaching $39.68. The stock had a trading volume of 91,325 shares, compared to its average volume of 189,444. Heineken has a 52 week low of $32.77 and a 52 week high of $46.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.77 and a quick ratio of 0.51. The company has a fifty day simple moving average of $44.10 and a 200-day simple moving average of $42.15.

Heineken Company Profile

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, Eastern Europe, and the Asia Pacific. The company provides soft drinks and water. It offers its beers under the Heineken, Heineken Light, Orchard Thieves, Orchard Thieves Light, Birra Moretti, Coors, Murphy's and Beamish Stouts, Desperados, Tiger, Sol, and Foster's brand, as well as under regional and local brands.