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MarketScreener Homepage  >  Equities  >  Nyse  >  Molson Coors Brewing    TAP

MOLSON COORS BREWING

(TAP)
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Investigation of Molson Coors Announced by Holzer & Holzer, LLC

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02/12/2019 | 10:17am EDT

Holzer & Holzer, LLC is investigating whether certain statements made by Molson Coors Brewing Company (“Molson Coors” or the “Company”) (NYSE: TAP) complied with federal securities laws. On February 12, 2019, Molson Coors announced fourth quarter and full year 2018 results and revealed that it was restating 2016 and 2017 financial results. The Company said it suffered from a material weakness in the way it accounted for deferred tax liabilities in those years, which caused Molson Coors to overstate its net income. The price of Molson Coors stock declined following the news.

If you purchased Molson Coors shares and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Marshall P. Dees, Esq. at mdees@holzerlaw.com, or by toll-free telephone at (888) 508-6832 to discuss your legal rights.

Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.


© Business Wire 2019
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Financials ($)
Sales 2019 10 683 M
EBIT 2019 1 577 M
Net income 2019 1 041 M
Debt 2019 8 719 M
Yield 2019 3,34%
P/E ratio 2019 12,88
P/E ratio 2020 12,32
EV / Sales 2019 2,06x
EV / Sales 2020 2,00x
Capitalization 13 319 M
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Technical analysis trends MOLSON COORS BREWING
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 68,6 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Mark R. Hunter President, Chief Executive Officer & Director
Peter H. Coors Chairman
Tracey I. Joubert Chief Financial Officer
Andrew Thomas Molson Director
H. Sanford Riley Independent Director
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