Tsingtao Brewery (OTCMKTS:TSGTF – Get Free Report) is expected to issue its results after the market closes on Wednesday, October 28th. Analysts expect Tsingtao Brewery to announce earnings of $0.1449 per share and revenue of $1.26 billion for the quarter.
Tsingtao Brewery Stock Performance
Shares of Tsingtao Brewery stock opened at $5.01 on Tuesday. The business has a 50-day moving average of $5.10 and a 200 day moving average of $5.91. Tsingtao Brewery has a 12 month low of $4.55 and a 12 month high of $7.14.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group lowered shares of Tsingtao Brewery to a “neutral” rating in a research note on Thursday, September 17th. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold”.
View Our Latest Analysis on TSGTF
About Tsingtao Brewery
Tsingtao Brewery Co, Ltd. is a Chinese brewing company headquartered in Qingdao, Shandong Province. Established in 1903, the company is one of China’s oldest and best-known beer producers. Its flagship Tsingtao brand is widely recognized in China and international markets.
The company’s principal business is the production, marketing, and distribution of beer. Its portfolio includes Tsingtao Lager and other products spanning mainstream, premium, specialty, and craft-style beer categories.
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