Treasury Wine Estates (OTCMKTS:TSRYY) Upgraded to Hold at Citigroup

Citigroup upgraded shares of Treasury Wine Estates (OTCMKTS:TSRYY) from a strong sell rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Separately, UBS Group downgraded Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $5.20.

Treasury Wine Estates Stock Performance

OTCMKTS:TSRYY opened at $3.21 on Tuesday. The business has a 50 day moving average of $2.87 and a 200 day moving average of $3.44. Treasury Wine Estates has a 1-year low of $2.25 and a 1-year high of $6.14.

Treasury Wine Estates Company Profile

Treasury Wine Estates is a Melbourne‐based global wine company that produces, markets and distributes a broad portfolio of wines. Its portfolio spans premium, luxury and commercial brands, including Penfolds, Beringer, Stags’ Leap Family Vineyards, Wolf Blass, Lindeman’s and Matua. The company sources fruit from a mix of owned vineyards and long-term grower partnerships across key wine regions in Australia, California and New Zealand.

The business was established in 2011 following a demerger from Foster’s Group and traces its heritage back to the founding of Penfolds in 1844.