PERNOD RICARD S/ADR (OTCMKTS:PDRDY) Raised to “Hold” at Zacks Investment Research

Share on StockTwits

Zacks Investment Research upgraded shares of PERNOD RICARD S/ADR (OTCMKTS:PDRDY) from a sell rating to a hold rating in a research report report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Pernod Ricard SA, based in France, operates as a manufacturer and seller of a wide range of wines and spirits. The company operates as holding company, with the structure divided between brand owner subsidiaries, such as The Absolut Company, Havana Club International and Chivas Brothers, which produce and develop marketing strategies for the brands, and regional distribution subsidiaries, such as Pernod Ricard Europe, Pernod Ricard Americas and Pernod Ricard Asia, which implement marketing strategies and distribute local brands. The Company is active in eight principal beverage sectors: whiskies, aniseed spirits, liqueurs, cognacs and brandies, white spirits and rums, bitters, champagnes and wines. Pernod Ricard SA’s flagship brands include Ricard, Havana Club, Ballantine’s, Malibu, Martell, The Glenlivet, Chivas Regal, Jameson and Absolut Vodka, among others. “

Several other research firms also recently weighed in on PDRDY. Barclays set a €16.80 ($19.53) target price on Deutsche Telekom and gave the company a neutral rating in a research report on Tuesday, April 2nd. Bryan, Garnier & Co downgraded PERNOD RICARD S/ADR from a buy rating to a neutral rating in a research report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $38.00.

OTCMKTS PDRDY opened at $35.41 on Tuesday. The company has a market cap of $46.99 billion, a P/E ratio of 26.04, a P/E/G ratio of 3.30 and a beta of 0.51. The firm’s 50 day moving average is $36.23. PERNOD RICARD S/ADR has a fifty-two week low of $29.38 and a fifty-two week high of $37.50.

About PERNOD RICARD S/ADR

Pernod Ricard SA produces and sells beers, wines, and spirits in the Americas, Europe, Asia, and internationally. Its principal brands include Absolut, Ballantine's, Beefeater, Chivas Regal, Kahlúa, Malibu, Martell, and Brancott Estate. The company was founded in 1805 and is headquartered in Paris, France.

See Also: What Does Beta Mean In Stock Selection

Get a free copy of the Zacks research report on PERNOD RICARD S/ADR (PDRDY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for PERNOD RICARD S/ADR (OTCMKTS:PDRDY)

Receive News & Ratings for PERNOD RICARD S/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PERNOD RICARD S/ADR and related companies with MarketBeat.com's FREE daily email newsletter.