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Tsingtao Brewery (OTCMKTS:TSGTF) Lowered to Neutral at Macquarie

kopsource · Aug 26, 2022 08:21

Macquarie cut shares of Tsingtao Brewery (OTCMKTS:TSGTF – Get Rating) from an outperform rating to a neutral rating in a report released on Friday, The Fly reports.

Tsingtao Brewery Price Performance

TSGTF opened at $9.69 on Friday. Tsingtao Brewery has a twelve month low of $7.15 and a twelve month high of $10.40. The firm has a 50 day moving average price of $9.53 and a 200-day moving average price of $8.71.

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About Tsingtao Brewery

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Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products worldwide. It operates through seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Region; and Finance Company.

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