In a report released yesterday, Isabella Simonato from Bank of America Securities maintained a Hold rating on Ambev SA (ABEV – Research Report), with a price target of $3.20. The company’s shares closed yesterday at $2.78.
According to TipRanks, Simonato is ranked #7444 out of 8273 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ambev SA with a $3.35 average price target.
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ABEV market cap is currently $42.46B and has a P/E ratio of 15.67.
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Ambev S.A. is a Brazilian brewing company that engages in production, distribution and selling of beer, carbonated soft drinks and other non-alcoholic and non-carbonated products. The company primarily operates in the Americas.
