Compañía Cervecerías Unidas (NYSE:CCU) Sets New 1-Year High – Should You Buy?

Compañía Cervecerías Unidas S.A. (NYSE:CCU) reached a new 52-week high during trading on Thursday . The company traded as high as $15.67 and last traded at $15.61, with a volume of 296500 shares traded. The stock had previously closed at $15.16.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a report on Friday, March 21st. Three research analysts have rated the stock with a sell rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.03.

Compañía Cervecerías Unidas Stock Down 6.0 %

The firm’s 50-day moving average is $13.83 and its two-hundred day moving average is $12.18. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06. The stock has a market cap of $2.71 billion, a P/E ratio of 19.55, a PEG ratio of 2.69 and a beta of 0.85.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

A number of institutional investors and hedge funds have recently made changes to their positions in CCU. Parvin Asset Management LLC acquired a new position in Compañía Cervecerías Unidas during the 4th quarter valued at about $44,000. Banque de Luxembourg S.A. bought a new position in Compañía Cervecerías Unidas in the fourth quarter valued at approximately $63,000. Fielder Capital Group LLC acquired a new stake in Compañía Cervecerías Unidas during the 4th quarter worth $115,000. Ballentine Partners LLC bought a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter valued at $116,000. Finally, R Squared Ltd bought a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter valued at $126,000. Institutional investors own 24.07% of the company’s stock.

Compañía Cervecerías Unidas Company Profile

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. 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.