Anheuser Busch (NYSE: BUD) was downgraded by equities research analysts at ING Group from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Anheuser-Busch InBev NV (AB InBev) is engaged in producing, marketing, distributing and selling a strong, balanced portfolio of well over 200 beer brands. These include global flagship brands Budweiser, Stella Artois and Beckâ€™s; multi-country brands, such as Leffe and Hoegaarden; and many local champions, such as Bud Light, Skol, Brahma, Quilmes, Michelob, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske and Jupiler. The Company also produces and distributes soft drinks, particularly in Latin America. The Company operates in seven segments: North America, Latin America North, Latin America South, Western Europe, Central & Eastern Europe, Asia Pacific and Global Export & Holding Companies.
Shares of Anheuser Busch opened at 59.95 on Friday. Anheuser Busch has a 52 week low of $49.05 and a 52 week high of $64.53. The stock’s 50-day moving average is $59. and its 200-day moving average is $55.94. The company has a market cap of $95.574 billion and a price-to-earnings ratio of 19.44.