Companhia De Bebidas Das Americas Ambev Reaches New 52-Week High (ABV)

NEW YORK ( TheStreet) -- Companhia de Bebidas das Americas Ambev (NYSE: ABV) hit a new 52-week high Thursday as it is currently trading at $41.96, above its previous 52-week high of $41.85 with 1.1 million shares traded as of 12:05 p.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Companhia de Bebidas das Americas Ambev has a market cap of $115.42 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 14.8% year to date as of the close of trading on Wednesday.

Companhia de Bebidas das Americas Ambev engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt, and other non-alcoholic and non-carbonated products in the Americas. It also sells bottled water, isotonics, and ready-to-drink teas. The company has a P/E ratio of 103.6, above the average food & beverage industry P/E ratio of 23.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Companhia de Bebidas das Americas Ambev as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Companhia de Bebidas das Americas Ambev Ratings Report.

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