Heineken (OTCMKTS:HEINY) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Heineken NV (OTCMKTS:HEINY) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.96 and traded as low as $39.34. Heineken shares last traded at $39.95, with a volume of 213,979 shares.

Analysts Set New Price Targets

A number of research firms have issued reports on HEINY. UBS Group upgraded shares of Heineken to a “strong-buy” rating in a report on Monday, October 27th. Hsbc Global Res upgraded Heineken to a “strong-buy” rating in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Heineken in a report on Monday, October 27th. Finally, HSBC upgraded Heineken from a “hold” rating to a “buy” rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Heineken Trading Up 1.5%

The business’s fifty day simple moving average is $39.33 and its two-hundred day simple moving average is $41.91.

Heineken Company Profile

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, Eastern Europe, and the Asia Pacific. The company provides soft drinks and water. It offers its beers under the Heineken, Heineken Light, Orchard Thieves, Orchard Thieves Light, Birra Moretti, Coors, Murphy's and Beamish Stouts, Desperados, Tiger, Sol, and Foster's brand, as well as under regional and local brands.