Ambev traded at $3.15 this Wednesday June 24th, decreasing $0.02 or 0.47 percent since the previous trading session. Looking back, over the last four weeks, Ambev lost 3.82 percent. Over the last 12 months, its price rose by 35.56 percent. Looking ahead, we forecast Ambev to be priced at 3.03 by the end of this quarter and at 2.78 in one year, according to Trading Economics global macro models projections and analysts expectations.
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces, distributes and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company's activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in the Dominican Republic, Saint Vincent, Antigua, Dominica, Cuba, Guatemala, El Salvador, Honduras, Nicaragua, Barbados and Panama; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile; and Canada, represented by Labatt’s operations, which comprises sales in Canada and some exports to the U.S. market. The Company markets products under various brand names, such as Adriatica, Brahma, Leffe, Budweiser, Corona, PepsiCo and Lipton. It is a subsidiary of Interbrew International BV.