Hsbc Global Res upgraded shares of Heineken (OTCMKTS:HEINY - Free Report) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.
Several other research firms have also commented on HEINY. HSBC raised Heineken from a "hold" rating to a "buy" rating in a report on Wednesday. Berenberg Bank raised 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 given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".
Check Out Our Latest Stock Analysis on HEINY
Heineken Trading Down 0.3%
Shares of Heineken stock traded down $0.13 during trading hours on Wednesday, reaching $39.68. 91,325 shares of the company were exchanged, compared to its average volume of 184,877. Heineken has a 1 year low of $32.77 and a 1 year high of $46.62. The stock's fifty day moving average is $44.10 and its 200 day moving average is $42.03. The company has a quick ratio of 0.51, a current ratio of 0.77 and a debt-to-equity ratio of 0.62.
Heineken Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.3258 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 207.0%.
Heineken Company Profile
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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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