Heineken (HEINY) Raised to “Neutral” at Credit Suisse Group

Credit Suisse Group upgraded shares of Heineken (OTCMKTS:HEINY) from an underperform rating to a neutral rating in a research report report published on Wednesday, Briefing.com Automated Import reports.

A number of other analysts have also recently commented on HEINY. Zacks Investment Research raised shares of Heineken from a sell rating to a hold rating in a report on Tuesday, February 5th. Royal Bank of Canada reaffirmed a sector perform rating on shares of Heineken in a report on Monday, March 4th. Finally, Goldman Sachs Group cut shares of Heineken from a buy rating to a sell rating in a report on Friday, January 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $59.00.

Shares of HEINY stock opened at $52.95 on Wednesday. Heineken has a 12 month low of $42.76 and a 12 month high of $54.93. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.81.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.469 dividend. The ex-dividend date is Monday, April 29th. This is a boost from Heineken’s previous Semi-Annual dividend of $0.27. Heineken’s dividend payout ratio is 28.69%.

About Heineken

Heineken N.V. engages in brewing and selling beer and cider. 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, Tiger, Tecate, Red Stripe, Krušovice, Birra Morett, Affligem, Lagunitas, and Mort Subite brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Orchard Thieves, Stassen, Bulmers, Old Mout, and Blind Pig brands.

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Analyst Recommendations for Heineken (OTCMKTS:HEINY)

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