Heineken (HEINY) Raised to Buy at Zacks Investment Research

Heineken (OTCMKTS:HEINY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The firm currently has a $59.00 price objective on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.66% from the company’s current price.

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. “

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Separately, Jefferies Group raised shares of Heineken from a “hold” rating to a “buy” rating in a report on Thursday, January 11th.

Shares of Heineken stock traded down $0.07 during mid-day trading on Thursday, reaching $52.37. 7,788 shares of the company’s stock were exchanged, compared to its average volume of 57,502. Heineken has a 1-year low of $42.13 and a 1-year high of $56.95.

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Heineken Company Profile

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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