Compania Cervecerias Unidas (NYSE:CCU) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Compania Cervecerias Unidas (NYSE:CCU) from a sell rating to a hold rating in a research report report published on Monday morning, Zacks.com reports.

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. “

NYSE:CCU opened at $29.30 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.17. Compania Cervecerias Unidas has a fifty-two week low of $24.30 and a fifty-two week high of $29.48. The firm’s 50-day simple moving average is $27.51. The stock has a market cap of $5.25 billion, a PE ratio of 11.02 and a beta of 0.50.

Compania Cervecerias Unidas (NYSE:CCU) last released its earnings results on Wednesday, May 8th. The company reported $0.39 earnings per share for the quarter. Compania Cervecerias Unidas had a return on equity of 22.99% and a net margin of 17.12%. The company had revenue of $714.33 million for the quarter. Sell-side analysts forecast that Compania Cervecerias Unidas will post 1.35 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in shares of Compania Cervecerias Unidas by 19.9% during the 1st quarter. Signaturefd LLC now owns 2,611 shares of the company’s stock valued at $77,000 after buying an additional 433 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Compania Cervecerias Unidas during the 1st quarter valued at about $105,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Compania Cervecerias Unidas during the 1st quarter valued at about $141,000. Parallel Advisors LLC lifted its holdings in shares of Compania Cervecerias Unidas by 21.6% during the 1st quarter. Parallel Advisors LLC now owns 7,933 shares of the company’s stock valued at $234,000 after buying an additional 1,411 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Compania Cervecerias Unidas during the 4th quarter valued at about $329,000. 17.27% of the stock is currently owned by institutional investors.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. The company operates through Chile, International Business, and Wine segments. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.

Further Reading: How to interpret the current ratio

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