Hsbc Global Res upgraded shares of Heineken (OTCMKTS:HEINY - Free Report) to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.
HEINY has been the topic of several other research reports. HSBC upgraded Heineken from a "hold" rating to a "buy" rating in a research report on Wednesday, July 30th. Berenberg Bank upgraded Heineken to a "strong-buy" rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Heineken presently has an average rating of "Buy".
Read Our Latest Stock Analysis on Heineken
Heineken Stock Performance
Heineken stock traded down $0.16 during trading hours on Wednesday, hitting $39.52. The stock had a trading volume of 51,553 shares, compared to its average volume of 161,958. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.77 and a quick ratio of 0.51. Heineken has a one year low of $32.77 and a one year high of $46.62. The business's 50 day simple moving average is $44.10 and its 200-day simple moving average is $42.15.
Heineken Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, August 13th. Investors of record on Monday, August 11th will be issued a dividend of $0.3258 per share. This represents a yield of 207.0%. The ex-dividend date is Friday, August 8th.
About Heineken
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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.
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