Compania Cervecerias Unidas (NYSE:CCU) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Compania Cervecerias Unidas (NYSE:CCU) from a hold rating to a strong sell rating in a report issued on Wednesday morning,Zacks.com reports.

A number of other research firms also recently weighed in on CCU. The Goldman Sachs Group decreased their price objective on Compania Cervecerias Unidas from $11.50 to $10.00 and set a “sell” rating for the company in a report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research report on Tuesday. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $10.00.

Compania Cervecerias Unidas Stock Down 1.9%

Shares of NYSE CCU opened at $13.17 on Wednesday. The company has a 50 day simple moving average of $12.57 and a 200 day simple moving average of $12.60. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.06 and a quick ratio of 1.38. Compania Cervecerias Unidas has a 1 year low of $11.06 and a 1 year high of $15.75. The firm has a market cap of $2.43 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.26 and a beta of 0.46.

Compania Cervecerias Unidas (NYSE:CCU) last posted its earnings results on Wednesday, November 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). The business had revenue of $684.82 million for the quarter, compared to the consensus estimate of $783.08 million. Compania Cervecerias Unidas had a return on equity of 8.18% and a net margin of 4.48%. On average, research analysts forecast that Compania Cervecerias Unidas will post 0.68 EPS for the current year.

Institutional Trading of Compania Cervecerias Unidas

A number of institutional investors have recently bought and sold shares of CCU. EverSource Wealth Advisors LLC boosted its holdings in Compania Cervecerias Unidas by 1,252.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company’s stock worth $42,000 after acquiring an additional 2,994 shares during the last quarter. First Horizon Corp bought a new position in shares of Compania Cervecerias Unidas during the third quarter valued at about $60,000. Rhumbline Advisers boosted its holdings in Compania Cervecerias Unidas by 140.6% during the first quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock worth $100,000 after purchasing an additional 3,831 shares during the last quarter. Advisory Services Network LLC bought a new stake in Compania Cervecerias Unidas in the 3rd quarter worth about $91,000. Finally, First Affirmative Financial Network bought a new stake in Compania Cervecerias Unidas in the 3rd quarter worth about $143,000. Institutional investors own 24.07% of the company’s stock.

Compania Cervecerias 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.