Zacks Investment Research lowered shares of SABMiller plc (OTCMKTS:SBMRY) from a hold rating to a sell rating in a report released on Monday, Marketbeat reports.

According to Zacks, “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. “

Shares of SABMiller plc (OTCMKTS:SBMRY) opened at 59.77 on Monday. The stock has a market capitalization of $96.11 billion and a price-to-earnings ratio of 32.68. The company has a 50-day moving average of $59.75 and a 200-day moving average of $56.55. SABMiller plc has a 52-week low of $43.92 and a 52-week high of $62.60.

Several other research analysts have also recently issued reports on the stock. Stifel Nicolaus cut shares of SABMiller plc from a buy rating to a hold rating in a report on Tuesday, January 12th. Natixis cut shares of SABMiller plc from a buy rating to a neutral rating in a report on Tuesday, December 1st. Nomura cut shares of SABMiller plc from a buy rating to a neutral rating in a report on Tuesday, November 17th. Berenberg Bank cut shares of SABMiller plc from a buy rating to a hold rating in a report on Friday, November 13th. Finally, Societe Generale cut shares of SABMiller plc from a buy rating to a hold rating in a report on Thursday, November 5th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold.

SABMiller plc (OTCMKTS:SBMRY) is a holding company, which has brewing and beverage operations across five regions. The Company, together with its subsidiaries, is engaged in the manufacture, distribution and sale of beverages. It operates in six segments: Latin America, Africa, Asia Pacific, Europe, North America and Corporate. Its brewing and beverage operations cover six countries across South and Central America (Colombia, Ecuador, El Salvador, Honduras, Panama and Peru). SABMiller’s South African and African regions are consolidated into one region. Its operations in Africa cover 17 countries, including Botswana, Mozambique, Nigeria, South Africa, Tanzania, Uganda and Zambia. Its Asia Pacific covers four countries: Australia, China, India and Vietnam. Its operations in Europe cover eight countries, including the Czech Republic, Hungary, Italy, Poland, Romania, Slovakia, Spain (Canary Islands) and the Netherlands.

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