San Miguel (SMGBY) Rating Lowered to Sell at Zacks Investment Research

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Zacks Investment Research lowered shares of San Miguel (OTCMKTS:SMGBY) from a hold rating to a sell rating in a research report report published on Friday, 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. “

Shares of SMGBY stock opened at $34.65 on Friday. The stock has a market capitalization of $8.26 billion, a PE ratio of 19.14 and a beta of 0.63. San Miguel has a one year low of $25.13 and a one year high of $36.04.

San Miguel Company Profile

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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