StockNews.com Initiates Coverage on Ambev (NYSE:ABEV)

Equities researchers at StockNews.com started coverage on shares of Ambev (NYSE:ABEV) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating on the stock.

Ambev Stock Performance

ABEV stock opened at $1.90 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. Ambev has a twelve month low of $1.88 and a twelve month high of $2.85. The company has a market cap of $29.93 billion, a P/E ratio of 10.56, a PEG ratio of 6.67 and a beta of 1.05. The business has a fifty day moving average of $2.20 and a 200-day moving average of $2.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MCIA Inc bought a new position in Ambev during the third quarter worth about $25,000. HTLF Bank bought a new position in shares of Ambev during the 3rd quarter valued at about $26,000. Wealthstream Advisors Inc. bought a new position in shares of Ambev during the 3rd quarter valued at about $29,000. Riversedge Advisors LLC acquired a new position in shares of Ambev in the 3rd quarter valued at approximately $31,000. Finally, Foster Group Inc. bought a new stake in Ambev during the 3rd quarter worth approximately $33,000. Institutional investors own 8.13% of the company’s stock.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.