Zacks Investment Research Upgrades San Miguel (OTCMKTS:SMGBY) to “Hold”

Zacks Investment Research upgraded shares of San Miguel (OTCMKTS:SMGBY) from a sell rating to a hold rating in a research report report published on Saturday morning, Zacks.com reports.

According to Zacks, “SAN MIGUEL CORP is the largest food and beverage company listed in S.E. Asia and is active within the brewing and beverages, food and food-related, and packaging areas. “

SMGBY stock opened at $34.16 on Friday. San Miguel has a twelve month low of $25.13 and a twelve month high of $36.04. The firm’s 50-day moving average is $34.95.

About San Miguel

San Miguel Corporation engages in food and beverage, packaging, energy, fuel and oil, and infrastructure businesses worldwide. Its Food and Beverage segment is involved in feeds production; poultry and livestock farming; processing and selling poultry and meat products; processing and marketing refrigerated processed and canned meat products; manufacturing and marketing flour, flour mixes, bakery ingredients, butter, margarine, cheese, milk, ice cream, jelly snacks and desserts, specialty oils, salad aids, snacks, and condiments; importing and marketing coffee and coffee-related products; and grain terminal handling.

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