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Macquarie Downgrades Tsingtao Brewery (OTCMKTS:TSGTF) to Neutral

Defense World · Aug 28, 2022 02:20

Tsingtao Brewery (OTCMKTS:TSGTF – Get Rating) was downgraded by equities research analysts at Macquarie from an "outperform" rating to a "neutral" rating in a research report issued to clients and investors on Friday, The Fly reports.

Tsingtao Brewery Stock Performance

Shares of Tsingtao Brewery stock opened at $9.69 on Friday. The stock has a 50 day moving average of $9.56 and a 200 day moving average of $8.72. Tsingtao Brewery has a fifty-two week low of $7.15 and a fifty-two week high of $10.40.

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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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