Tsingtao Brewery (TSGTY) Projected to Release Quarterly Earnings on Wednesday

Tsingtao Brewery (OTCMKTS:TSGTY) is anticipated to post its results after the market closes on Wednesday, October 28th. Analysts expect the company to post earnings of $0.7240 per share and revenue of $1.26 billion for the quarter.

Tsingtao Brewery Stock Performance

Shares of OTCMKTS TSGTY opened at $25.00 on Tuesday. Tsingtao Brewery has a 12 month low of $24.55 and a 12 month high of $36.69. The company has a 50 day simple moving average of $26.52 and a two-hundred day simple moving average of $30.20.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Tsingtao Brewery Company Profile

Tsingtao Brewery Co, Ltd. is a China-based beverage company best known for producing and selling Tsingtao beer, one of the country’s most recognized beer brands. Its product portfolio includes traditional lagers, premium and craft-style beers, and other beverage offerings marketed under the Tsingtao brand and related labels.

The company traces its history to 1903, when the brewery was established in Qingdao, Shandong Province. Over time, Tsingtao Brewery expanded from a regional producer into a large-scale brewer serving consumers throughout China.