Molson Coors Brewing Receives New Coverage from Analysts at Socgen (TAP)

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Stock analysts at Socgen began coverage on shares of Molson Coors Brewing (NYSE:TAP) in a report issued on Friday, AnalystRatings.NET reports. The firm set a “sell” rating on the stock.

TAP has been the subject of a number of other recent research reports. Analysts at Societe Generale initiated coverage on shares of Molson Coors Brewing in a research note to investors on Thursday. They set a “sell” rating on the stock. Separately, analysts at BTIG Research initiated coverage on shares of Molson Coors Brewing in a research note to investors on Wednesday. They set a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Molson Coors Brewing in a research note to investors on Wednesday, January 8th. They now have a $58.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Molson Coors Brewing presently has an average rating of “Hold” and a consensus target price of $56.29.

Shares of Molson Coors Brewing (NYSE:TAP) traded down 1.33% on Friday, hitting $53.095. The stock had a trading volume of 346,787 shares. Molson Coors Brewing has a 1-year low of $43.38 and a 1-year high of $57.18. The stock’s 50-day moving average is $54.99 and its 200-day moving average is $52.51. The company has a market cap of $9.762 billion and a P/E ratio of 19.91.

Molson Coors Brewing (NYSE:TAP) last released its earnings data on Wednesday, November 6th. The company reported $1.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.40 by $0.05. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts expect that Molson Coors Brewing will post $3.98 EPS for the current fiscal year.

Molson Coors Brewing Company (NYSE:TAP) is a holding company.

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