Pernod Ricard (OTC:PRNDY) Upgraded by Zacks Investment Research to Hold

Pernod Ricard (OTC:PRNDYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “Pernod Ricard SA, based in France, operates as a manufacturer and seller of a wide range of wines and spirits. The company operates as holding company, with the structure divided between brand owner subsidiaries, such as The Absolut Company, Havana Club International and Chivas Brothers, which produce and develop marketing strategies for the brands, and regional distribution subsidiaries, such as Pernod Ricard Europe, Pernod Ricard Americas and Pernod Ricard Asia, which implement marketing strategies and distribute local brands. The Company is active in eight principal beverage sectors: whiskies, aniseed spirits, liqueurs, cognacs and brandies, white spirits and rums, bitters, champagnes and wines. Pernod Ricard SA’s flagship brands include Ricard, Havana Club, Ballantine’s, Malibu, Martell, The Glenlivet, Chivas Regal, Jameson and Absolut Vodka, among others. “

Separately, Sanford C. Bernstein raised shares of Pernod Ricard to a “buy” rating in a research note on Friday, May 27th.

Shares of Pernod Ricard stock opened at $38.29 on Thursday. The stock has a 50-day moving average price of $40.74. Pernod Ricard has a fifty-two week low of $36.78 and a fifty-two week high of $49.16.

Pernod Ricard Company Profile (Get Rating)

Pernod Ricard SA produces and sells wines and spirits worldwide. It offers its products under various brands. The company was founded in 1805 and is headquartered in Paris, France.

Further Reading

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