Heineken (OTCMKTS:HEINY) Upgraded to Strong-Buy at Berenberg Bank

Berenberg Bank upgraded shares of Heineken (OTCMKTS:HEINY) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Heineken from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Royal Bank of Canada raised Heineken from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 14th.

Heineken Stock Down 2.4 %

Shares of OTCMKTS:HEINY opened at $39.71 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.78 and a quick ratio of 0.52. The stock’s 50-day moving average price is $40.13 and its two-hundred day moving average price is $39.17. Heineken has a 12-month low of $32.77 and a 12-month high of $52.92.

Heineken Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, April 24th will be issued a $0.6136 dividend. This is a positive change from Heineken’s previous dividend of $0.27. The ex-dividend date of this dividend is Thursday, April 24th.

About Heineken

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, Eastern Europe, and the Asia Pacific. The company provides soft drinks and water. It offers its beers under the Heineken, Heineken Light, Orchard Thieves, Orchard Thieves Light, Birra Moretti, Coors, Murphy's and Beamish Stouts, Desperados, Tiger, Sol, and Foster's brand, as well as under regional and local brands.