Bank of America Securities Maintains a Hold Rating on Ambev S.A. (ABEV)

Ambev S.A. (NYSE:ABEV) is one of the best NYSE stocks to buy under $20. In a report released on August 1, Isabella Simonato from Bank of America Securities maintained a Hold rating on Ambev S.A. (NYSE:ABEV) without assigning a price target.

A close-up on several cans of freshly brewed beer in a commercial brewery.

The rating update followed Ambev S.A.’s (NYSE:ABEV) fiscal Q2 2025 results on July 31, with net revenue (organic) growth of 3.4% and top-line performance driven by net revenue per hectoliter (NR/hl) growth of 8.4%.

Normalized EBITDA (organic) grew by 7.6% with all of the company’s reporting segments delivering EBITDA growth.

Management also reported that normalized profit for the quarter rose 15.2% to R$2.8327 billion compared to R$2.4591 billion in fiscal Q2 2024. This growth was attributed to lower income tax expenses and EBITDA growth, particularly offset by higher net financial results.

Ambev S.A. (NYSE:ABEV) produces, distributes, and sells beverages. Its offerings include carbonated soft drinks, beer, and other non-alcoholic and non-carbonated products.

The company’s operations are divided into the following geographical segments: Brazil, Central America and the Caribbean (CAC), and Canada.

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Disclosure: None. This article is originally published at Insider Monkey.