Heineken (OTCMKTS:HEINY) Shares Gap Up – What’s Next?

Heineken NV (OTCMKTS:HEINY – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $38.33, but opened at $39.96. Heineken shares last traded at $40.09, with a volume of 2,378 shares trading hands.

Analyst Upgrades and Downgrades

HEINY has been the topic of several analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Heineken in a research note on Monday, April 27th. Zacks Research lowered shares of Heineken from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft lowered shares of Heineken from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. lowered shares of Heineken from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 13th. Finally, Dbs Bank lowered shares of Heineken from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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Heineken Trading Up 1.0%

The company has a debt-to-equity ratio of 0.79, a current ratio of 0.93 and a quick ratio of 0.69. The firm’s 50 day simple moving average is $39.11 and its 200-day simple moving average is $40.52.

About Heineken

(Get Free Report)

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on‑trade and off‑trade channels as well as e‑commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.

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