Compañía Cervecerías Unidas (NYSE:CCU) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.66 and traded as high as $14.65. Compañía Cervecerías Unidas shares last traded at $14.60, with a volume of 188,671 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a sell rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Compañía Cervecerías Unidas presently has a consensus rating of “Hold” and a consensus price target of $11.03.

Compañía Cervecerías Unidas Stock Up 2.2 %

The firm has a 50-day moving average price of $12.56 and a two-hundred day moving average price of $11.66. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06.

Institutional Trading of Compañía Cervecerías Unidas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCU. Parvin Asset Management LLC acquired a new position in shares of Compañía Cervecerías Unidas in the 4th quarter valued at $44,000. Banque de Luxembourg S.A. acquired a new position in Compañía Cervecerías Unidas in the fourth quarter valued at $63,000. Fielder Capital Group LLC purchased a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth about $115,000. Ballentine Partners LLC acquired a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter worth about $116,000. Finally, R Squared Ltd acquired a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter worth about $126,000. 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.