Zacks Investment Research cut shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) from a buy rating to a hold rating in a research note issued to investors on Friday.
According to Zacks, “Compañía Cervecerías Unidas S. A. (CCU) has successfully positioned itself as a Chilean multinational beverage company, with diversified businesses and operations focused on the Southern Cone of South America. CCU is active in the beer industry in Chile, where it operates the country’s leading brewery, and in Argentina, where it holds third place in the market. In the non-alcoholic beverages sector, it is Chile’s second-largest bottler of carbonated beverages and the leader in the mineral water market. It has winemaking operations in Argentina and in Chile. “
Separately, BidaskClub upgraded shares of Compania Cervecerias Unidas, from a hold rating to a buy rating in a report on Saturday, August 19th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $28.00.
Shares of Compania Cervecerias Unidas, (NYSE:CCU) traded down 0.67% during midday trading on Friday, hitting $26.88. 126,785 shares of the stock were exchanged. The firm’s 50 day moving average is $27.17 and its 200-day moving average is $26.06. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 25.45 and a beta of 0.33. Compania Cervecerias Unidas, has a 1-year low of $19.49 and a 1-year high of $28.22.
A number of institutional investors have recently added to or reduced their stakes in CCU. Sei Investments Co. bought a new stake in Compania Cervecerias Unidas, in the second quarter worth about $115,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Compania Cervecerias Unidas, in the second quarter worth about $212,000. Dynamic Technology Lab Private Ltd bought a new stake in Compania Cervecerias Unidas, in the second quarter worth about $244,000. Comerica Bank raised its position in Compania Cervecerias Unidas, by 1.3% in the first quarter. Comerica Bank now owns 10,592 shares of the company’s stock worth $272,000 after acquiring an additional 138 shares during the period. Finally, HighTower Advisors LLC bought a new stake in Compania Cervecerias Unidas, in the second quarter worth about $301,000. Institutional investors and hedge funds own 14.10% of the company’s stock.
Compania Cervecerias Unidas, Company Profile
Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.
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