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

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 Friday 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. “

PDRDY stock opened at $35.03 on Friday. The company has a market cap of $46.46 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 3.13 and a beta of 0.48. The business has a 50-day simple moving average of $35.38 and a 200 day simple moving average of $35.31. PERNOD RICARD S/ADR has a 52 week low of $29.38 and a 52 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.

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

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