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

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Zacks Investment Research upgraded shares of PERNOD RICARD S/ADR (OTCMKTS:PDRDY) from a sell rating to a hold rating in a research note issued to investors on Saturday, 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. “

Shares of PDRDY opened at $34.25 on Friday. The firm has a market capitalization of $45.45 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 3.13 and a beta of 0.48. 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 price is $35.91.

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, KahlĂșa, Malibu, Martell, and Brancott Estate. The company was founded in 1805 and is headquartered in Paris, France.

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