E-Malt.com News article: The Netherlands: Heineken downgraded by Citigroup and Nomura analysts

Equities research analysts at Citigroup downgraded shares of Heineken from a "buy" rating to a "hold" rating in a research note to investors on September, 2, Newsy Stocks reported.

Separately, analysts at Nomura downgraded shares of Heineken from a "neutral" rating to a "reduce" rating in a research note to investors on Monday, August 15th. Also, analysts at UBS AG downgraded shares of Heineken from a "neutral" rating to a "sell" rating in a research note to investors on Friday, May 6th.

Heineken N.V. is a the world’s third-largest beer maker that owns and manages a portfolio of beer brands. Its principal brand is Heineken. In addition, the Company has more than 200 international, regional, local and specialty beers and ciders, including Amstel, Birra Moretti, Cruzcampo, Foster’s, Kingfisher, Newcastle Brown Ale, Ochota, Primus, Sagres, Star, Strongbow, Tiger and Zywiec. It has a global network of distributors and over 125 breweries in more than 70 countries. Heineken comprises six geographical segments: Western Europe, Central and Eastern Europe, The Americas, Africa and the Middle East, Asia-Pacific and Head Office/eliminations.

On January 11, 2010 Heineken announced the acquisition of the beer operations of Fomento Economico Mexicano, S.A.B. de C.V (FEMSA). In May 2010, the company brought Brewery Affligem under the wing of Alken Maes through a merger by acquisition. In June 2010, the company sold its British beverage distributor WaverleyTBS to Manfield Partners.


02 September, 2011