Compañía Cervecerías Unidas (NYSE:CCU) Rating Lowered to “Buy” at StockNews.com

Compañía Cervecerías Unidas (NYSE:CCUGet Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Compañía Cervecerías Unidas Stock Up 0.6 %

Shares of Compañía Cervecerías Unidas stock opened at $14.75 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The company has a market capitalization of $2.72 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85. Compañía Cervecerías Unidas has a 1 year low of $10.00 and a 1 year high of $15.10. The business has a 50-day moving average of $12.69 and a two-hundred day moving average of $11.70.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Two Sigma Advisers LP boosted its position in Compañía Cervecerías Unidas by 47.2% during the fourth quarter. Two Sigma Advisers LP now owns 18,100 shares of the company’s stock valued at $205,000 after purchasing an additional 5,800 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth approximately $149,000. Banque de Luxembourg S.A. bought a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth approximately $63,000. Bank of America Corp DE increased its stake in shares of Compañía Cervecerías Unidas by 28.9% during the fourth quarter. Bank of America Corp DE now owns 242,520 shares of the company’s stock worth $2,748,000 after purchasing an additional 54,372 shares during the period. Finally, BLI Banque de Luxembourg Investments bought a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth approximately $7,141,000. 24.07% of the stock is currently owned by institutional investors.

About Compañía Cervecerías Unidas

(Get Free Report)

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.

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