Heineken (OTCMKTS:HEINY) Stock Price Passes Below Two Hundred Day Moving Average of $47.54

Heineken (OTCMKTS:HEINYGet Rating) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $47.54 and traded as low as $44.49. Heineken shares last traded at $44.75, with a volume of 50,312 shares changing hands.

Analyst Upgrades and Downgrades

HEINY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Heineken from €114.00 ($116.33) to €116.00 ($118.37) and gave the company a “buy” rating in a report on Monday, September 12th. Royal Bank of Canada upped their price objective on shares of Heineken from €76.00 ($77.55) to €79.00 ($80.61) and gave the company an “underperform” rating in a research note on Tuesday, August 2nd. Finally, Barclays upped their price objective on shares of Heineken from €92.00 ($93.88) to €93.00 ($94.90) and gave the company an “underweight” rating in a research note on Thursday, June 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $105.37.

Heineken Trading Up 1.9 %

The firm’s fifty day moving average price is $46.87 and its 200-day moving average price is $47.54. The company has a current ratio of 0.79, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69.

Heineken Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 18th. Investors of record on Thursday, August 11th were paid a $0.1973 dividend. The ex-dividend date was Wednesday, August 10th. This represents a yield of 1.26%.

About Heineken

(Get Rating)

Heineken N.V. engages in the brewing and selling of beer and cider. It also provides soft drinks and water. It offers its beers under the Heineken, Amstel, Desperados, Sol, Tiger, Birra Moretti, 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, Follow The Fox, Cidrerie Stassen, Bulmers, Old Mout, and Blind Pig brands.

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