Ambev S.A. (NYSE:ABEV) is considered one of the best undervalued stocks to buy under $50. Bank of America Securities analyst Isabella Simonato maintained a Hold rating on ABEV after the company’s fiscal Q3 results, showing a 1.2% rise in net revenue compared to the previous year.

Ambev S.A. reported a 7.4% growth in net revenue per hectoliter, leading to a 2.9% increase in normalized EBITDA. The company’s effective revenue and cost management resulted in an expansion of gross margin by 10 bps to 51.5% and a normalized EBITDA margin increase by 50 bps to 33.9%.

As a producer, distributor, and seller of beverages, Ambev S.A. offers carbonated soft drinks, beer, and other non-alcoholic products. Its operations are divided into geographical segments like Brazil, Central America, the Caribbean, and Canada.

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Read more at Yahoo Finance: Bank of America Securities Maintains a Hold on Ambev S.A. (ABEV)