Tsingtao Brewery (OTCMKTS:TSGTY – Get Free Report) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.
Tsingtao Brewery Price Performance
OTCMKTS:TSGTY opened at $34.61 on Wednesday. The stock’s 50-day simple moving average is $32.50 and its 200 day simple moving average is $32.88. Tsingtao Brewery has a twelve month low of $28.75 and a twelve month high of $36.69.
About Tsingtao Brewery
Tsingtao Brewery Co, Ltd., founded in 1903 and headquartered in Qingdao, Shandong Province, is one of China’s longest-established and most widely recognized beer producers. The company’s core business centers on the brewing, packaging and distribution of beer under its flagship Tsingtao brand, alongside a portfolio of specialty and seasonal brews. Over more than a century of operation, Tsingtao has built a reputation for quality pale lagers and malt beverages, leveraging traditional brewing techniques alongside modern production processes.
In addition to its primary domestic operations, Tsingtao Brewery maintains an extensive export network spanning Asia, North America, Europe and other international markets.
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