Treasury Wine Estates (OTCMKTS:TSRYY) Downgraded by Citigroup to Strong Sell

Citigroup lowered shares of Treasury Wine Estates (OTCMKTS:TSRYY) from a hold rating to a strong sell rating in a report released on Wednesday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. UBS Group cut shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Royal Bank Of Canada downgraded Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 18th. Finally, Jefferies Financial Group downgraded Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 price objective on the stock. in a research report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $5.20.

Treasury Wine Estates Stock Performance

OTCMKTS:TSRYY opened at $3.34 on Wednesday. The firm has a 50-day moving average price of $3.63 and a two-hundred day moving average price of $4.40. Treasury Wine Estates has a twelve month low of $3.17 and a twelve month high of $7.30.

Treasury Wine Estates Company Profile

Treasury Wine Estates is a Melbourne‐based global wine company that produces, markets and distributes a broad portfolio of wines. Its portfolio spans premium, luxury and commercial brands, including Penfolds, Beringer, Stags’ Leap Family Vineyards, Wolf Blass, Lindeman’s and Matua. The company sources fruit from a mix of owned vineyards and long-term grower partnerships across key wine regions in Australia, California and New Zealand.

The business was established in 2011 following a demerger from Foster’s Group and traces its heritage back to the founding of Penfolds in 1844.