SABMiller plc (OTCMKTS:SBMRY) Receives a Downgrade
Natixis Bleichroeder has given SABMiller plc (OTCMKTS:SBMRY) shares a new Neutral rating in a comprehensive report announced on Tuesday, 1 December. This was a ratings cut from the previous Buy rating.
From a total of 1 analysts covering SABMiller plc (OTCMKTS:SBMRY) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. SABMiller plc was the topic of 7 analyst reports since September 17, 2015 according to the firm StockzIntelligence Inc. Nomura downgraded shares on November 17 to “Neutral” rating. Societe Generale downgraded SBMRY stock in a recent report from November 5 to “Hold” rating. Finally, Natixis upgraded the stock to “Buy” rating in a report issued on a September 22.
Approximately 6,702 shares of stock traded hands. SABMiller plc (ADR) (OTCMKTS:SBMRY) has risen 11.72% since April 28, 2015 and is uptrending. It has outperformed by 13.35% the S&P500.
SABMiller plc is a holding company, which has brewing and beverage activities across five regions. The company has a market cap of $98.46 billion. The Company, together with its subsidiaries, is engaged in the manufacture, distribution and sale of beverages. It currently has negative earnings. It operates in six divisions: Latin America, Africa, Asia Pacific, Europe, North America and Corporate.
According to Zacks Investment Research, “SABMILLER PLC is one of the world’s largest brewers with brewing interests or distribution agreements in over sixty countries across six continents. The principal activities of the Company and its subsidiaries are the manufacture, distribution and sale of beverages. The group’s brands include premium international beers such as Grolsch, Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional range of market leading local brands. Outside the USA, SABMiller plc is also one of the largest bottlers of Coca-Cola products in the world.” Get a free copy of the Zacks research report on SABMiller plc (ADR) (SBMRY)