Why Molson Coors Brewing (TAP) Is Hitting 52 Week Highs Today

NEW YORK (TheStreet) -- Shares of Molson Coors Brewing (TAP) are higher, up 5.60% to $70.98, on speculation the company may consider purchasing its partner, MillerCoors.

Societe Generale SA (SCGLY) said Molson Coors' net cash flow of $149.7 million puts it in a good position to purchase MillerCoors from its joint venture with SABMiller  (SBMRY) if Anheuser-Busch InBev (BUD) proceeds with a takeover bid for SABMiller, according to Blooomberg

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Separately, TheStreet Ratings team rates MOLSON COORS BREWING CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate MOLSON COORS BREWING CO (TAP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

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