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MarketScreener Homepage  >  Equities  >  Nyse  >  Molson Coors Brewing    TAP

MOLSON COORS BREWING

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Rosen Law Firm Announces Investigation of Securities Claims Against Molson Coors Brewing Company – TAP

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02/12/2019 | 10:45am EDT

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Molson Coors Brewing Company (NYSE: TAP) resulting from allegations that Molson Coors may have issued materially misleading business information to the investing public.

On February 12, 2019, Molson Coors announced that it would restate its financial statements for fiscal years 2016 and 2017 after the audit committee found errors in Molson Coors’ financial reporting. Following this disclosure, Molson Coors’ stock price fell more than 7% in pre-market trading and continued to fall sharply during intraday trading on February 12, 2019.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Molson Coors investors. If you purchased shares of Molson Coors please visit the firm’s website at https://www.rosenlegal.com/cases-1505.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.

Attorney Advertising. Prior results do not guarantee a similar outcome.


© Business Wire 2019
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Financials (USD)
Sales 2019 10 613 M
EBIT 2019 1 452 M
Net income 2019 965 M
Debt 2019 8 658 M
Yield 2019 3,74%
P/E ratio 2019 11,8x
P/E ratio 2020 11,7x
EV / Sales2019 1,89x
EV / Sales2020 1,83x
Capitalization 11 393 M
Chart MOLSON COORS BREWING
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Technical analysis trends MOLSON COORS BREWING
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 58,55  $
Last Close Price 52,50  $
Spread / Highest target 39,0%
Spread / Average Target 11,5%
Spread / Lowest Target -16,2%
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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