Heineken NV (HEINY) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Heineken NV (OTCMKTS:HEINY) from a buy rating to a hold rating in a report released on Friday morning.

According to Zacks, “Heineken N.V. is engaged in producing and distributing beverages. It offers beer, cider, soft drinks, and other beverages. The Company’s principal global brand is Heineken. Heineken N.V. is headquartered in Amsterdam, the Netherlands. “

Separately, Stifel Nicolaus reiterated a hold rating on shares of Heineken NV in a research report on Friday, June 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Heineken NV currently has an average rating of Buy and an average price target of $56.00.

Heineken NV (OTCMKTS HEINY) opened at 49.63 on Friday. The firm’s 50-day moving average is $51.86 and its 200-day moving average is $47.85. The stock has a market capitalization of $28.29 billion, a P/E ratio of 12.91 and a beta of 0.92. Heineken NV has a 12 month low of $36.02 and a 12 month high of $53.35.

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About Heineken NV

Heineken N.V. engages in brewing and selling beer. The company operates through Africa, Middle East & Eastern Europe; Americas; Asia Pacific; and Europe segments. It offers beer, cider, soft drinks, and other beverages. The company offers its beers under the Heineken, Amstel, Desperados, Sol, Affligem, Tiger, Tecate, Krusovice, and Red Stripe brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Blind Pig, Stassen, Bulmers, Old Mout, and Orchard Thieves brands.

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