UBS Group Downgrades Treasury Wine Estates (OTCMKTS:TSRYY) to Hold

Key Points

• UBS Group has downgraded Treasury Wine Estates from a "strong-buy" rating to a "hold" rating, indicating a change in investment outlook.
• Treasury Wine Estates' stock opened at $3.93 and has a current market capitalization of $3.19 billion.
• The company operates as a wine producer and distributor with a diverse portfolio that includes numerous well-known wine brands.

Treasury Wine Estates (OTCMKTS:TSRYY - Get Free Report) was downgraded by UBS Group from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Treasury Wine Estates Stock Up 1.8%

TSRYY stock opened at $3.93 on Monday. Treasury Wine Estates has a 52 week low of $3.79 and a 52 week high of $8.20. The company has a fifty day simple moving average of $4.91 and a two-hundred day simple moving average of $5.21. The firm has a market capitalization of $3.19 billion and a P/E ratio of -25.19.

About Treasury Wine Estates

Treasury Wine Estates Limited operates as a wine company primarily in Australia, New Zealand, Asia, Europe, the United Kingdom, the Middle East, Africa, and the Americas. The company engages in the viticulture and winemaking; and marketing, sale, and distribution of wine. Its wine portfolio includes luxury, premium and commercial wine brands, such as 19 Crimes, Acacia Vineyard, Annie's Lane, Beaulieu Vineyard, Belcreme de Lys, Beringer Vineyards, Blossom Hill, Cavaliere d'Oro, Coldstream Hills, Devil's Lair, EMBRAZEN, Etude, Fifth Leg, Heemskerk, Hewitt Vineyard, Ingoldby, Jamieson's Run, Killawarra, Leo Buring, Lindeman's, Maison de Grand Esprit, Matua, Penfolds, Pepperjack, Rawson's Retreat, Rosemount Estate, Run Riot, Saltram, Samuel Wynn & Co, Secret Stone, Seppelt, Shingle Peak, Sledgehammer, Squealing pig, St Huberts, Stags' Leap Winery, Stellina di Notte, Sterling Vineyards, T'Gallant, The Walking Dead Wine, Wolf Blass, Wynns Coonawarra Estate, and Yellowglen.

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