ABEV - Ambev S.A. American Depositary Shares (Each representing 1) Looks to Continue to Trade Above its Annual-High Share Price Today

Ambev S.A. American Depositary Shares (Each representing 1) (NYSE:ABEV) traded today at a new 52-week high of $3.30. This new high was reached on below average trading volume as 7.2 million shares traded hands, while the average 30-day volume is approximately 18.7 million shares.

In the past 52 weeks, shares of Ambev S.A. American Depositary Shares (Each representing 1) have traded between a low of $1.90 and a high of $3.30 and is now at $3.27, which is 72% above that low price.

Ambev S.A. American Depositary Shares (Each representing 1) (NYSE:ABEV) defies analysts with a current price ($3.27) 10.4% above its average consensus price target of $2.93.

Ambev is the largest brewer in Latin America by volume and the fourth-largest beer producer in the world. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries. It also owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage firms, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving Interbrew (now Anheuser-Busch InBev) a controlling interest.

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