Compañía Cervecerías Unidas (NYSE:CCU) Stock Rating Upgraded by StockNews.com

Compañía Cervecerías Unidas (NYSE:CCU) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

Other analysts have also issued reports about the stock. The Goldman Sachs Group dropped their price target on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a research report on Tuesday, November 12th. Scotiabank raised Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Compañía Cervecerías Unidas has a consensus rating of “Hold” and a consensus price target of $11.03.

Compañía Cervecerías Unidas Trading Up 1.4 %

CCU stock opened at $14.77 on Wednesday. The business has a fifty day moving average of $12.30 and a 200-day moving average of $11.57. The company has a market cap of $2.73 billion, a P/E ratio of 19.69, a PEG ratio of 2.69 and a beta of 0.90. Compañía Cervecerías Unidas has a twelve month low of $10.00 and a twelve month high of $14.79. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Compañía Cervecerías Unidas by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company’s stock worth $22,006,000 after purchasing an additional 39,971 shares in the last quarter. Ballentine Partners LLC bought a new position in Compañía Cervecerías Unidas in the 4th quarter valued at about $116,000. R Squared Ltd acquired a new position in shares of Compañía Cervecerías Unidas in the 4th quarter valued at approximately $126,000. Stephens Inc. AR lifted its holdings in shares of Compañía Cervecerías Unidas by 23.2% during the 4th quarter. Stephens Inc. AR now owns 21,020 shares of the company’s stock worth $238,000 after acquiring an additional 3,955 shares during the period. Finally, Fielder Capital Group LLC acquired a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter worth approximately $115,000. Institutional investors and hedge funds own 24.07% of the company’s stock.

About Compañía Cervecerías Unidas

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.