Ambev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products in the Americas. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, and Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands. The company also provides bottled water, isotonic beverages, energy drinks, coconut water, powdered and natural juices, and ready-to-drink teas under the Guaraná Antarctica, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Do Bem, Pepsi, Canada Dry, Squirt, Red Rock, Pepsi-Cola, Seven Up, Nutrl, Bud Light Seltzer, Palm Bay, and Mike's brands. It offers its products through a network of third-party distributors and a direct distribution system. The company was founded in 1885 and is headquartered in São Paulo, Brazil. Ambev S.A. is a subsidiary of Interbrew International B.V.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ABEV. JPMorgan Chase & Co. raised shares of Ambev from a "neutral" rating to an "overweight" rating in a research report on Wednesday, July 13th. StockNews.com raised shares of Ambev from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, TheStreet cut shares of Ambev from a "b-" rating to a "c+" rating in a report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Ambev presently has an average rating of "Moderate Buy" and an average price target of $3.50.
Ambev Stock Up 2.1 %
Shares of NYSE:ABEV traded up $0.06 on Friday, reaching $2.96. The company had a trading volume of 17,985,450 shares, compared to its average volume of 33,050,838. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $46.58 billion, a PE ratio of 18.50, a PEG ratio of 2.12 and a beta of 1.14. Ambev has a 52-week low of $2.42 and a 52-week high of $3.33. The firm's 50 day simple moving average is $2.66 and its 200-day simple moving average is $2.82.