Compañía Cervecerías Unidas (NYSE:CCU) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of Compañía Cervecerías Unidas (NYSE:CCU) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday.

Separately, Bank of America cut Compañía Cervecerías Unidas from a neutral rating to an underperform rating and raised their price target for the company from $12.60 to $13.70 in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Compañía Cervecerías Unidas has a consensus rating of Moderate Buy and a consensus target price of $14.21.

Compañía Cervecerías Unidas Stock Performance

Compañía Cervecerías Unidas stock opened at $11.25 on Wednesday. The business’s 50-day simple moving average is $12.31 and its 200 day simple moving average is $12.16. Compañía Cervecerías Unidas has a 12-month low of $10.82 and a 12-month high of $17.74. The company has a current ratio of 2.48, a quick ratio of 1.81 and a debt-to-equity ratio of 0.87.

Compañía Cervecerías Unidas (NYSE:CCU) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $796.75 million for the quarter. Compañía Cervecerías Unidas had a return on equity of 6.31% and a net margin of 3.61%. During the same quarter in the prior year, the business earned $0.38 EPS. On average, equities analysts predict that Compañía Cervecerías Unidas will post 0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its position in shares of Compañía Cervecerías Unidas by 42.4% during the fourth quarter. Signaturefd LLC now owns 3,494 shares of the company’s stock worth $44,000 after purchasing an additional 1,040 shares during the period. Quadrant Capital Group LLC raised its position in shares of Compañía Cervecerías Unidas by 20.8% during the fourth quarter. Quadrant Capital Group LLC now owns 17,710 shares of the company’s stock worth $222,000 after purchasing an additional 3,048 shares during the period. Blue Trust Inc. raised its position in shares of Compañía Cervecerías Unidas by 29.9% during the fourth quarter. Blue Trust Inc. now owns 13,416 shares of the company’s stock worth $169,000 after purchasing an additional 3,089 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Compañía Cervecerías Unidas by 43,091.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,183 shares of the company’s stock worth $65,000 after purchasing an additional 5,171 shares during the period. Finally, Malaga Cove Capital LLC raised its position in shares of Compañía Cervecerías Unidas by 55.6% during the fourth quarter. Malaga Cove Capital LLC now owns 27,259 shares of the company’s stock worth $342,000 after purchasing an additional 9,736 shares during the period. 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.