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 released on Tuesday, 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. “

A number of other equities research analysts have also recently commented on the company. Barclays set a €16.80 ($19.53) price target on Deutsche Telekom and gave the company a neutral rating in a research note on Tuesday, April 2nd. Bryan, Garnier & Co cut PERNOD RICARD S/ADR from a buy rating to a neutral rating in a research note on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. PERNOD RICARD S/ADR presently has a consensus rating of Hold and an average target price of $38.00.

Shares of OTCMKTS PDRDY opened at $35.41 on Tuesday. The stock has a market cap of $46.99 billion, a PE ratio of 26.04, a P/E/G ratio of 3.30 and a beta of 0.51. PERNOD RICARD S/ADR has a 1-year low of $29.38 and a 1-year high of $37.50. The stock’s fifty day moving average is $36.23.

PERNOD RICARD S/ADR Company Profile

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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