Compañía Cervecerías Unidas (NYSE:CCU) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Compañía Cervecerías Unidas (NYSE:CCU) from a buy rating to a hold rating in a report published on Monday morning.

Several other equities research analysts have also commented on CCU. JPMorgan Chase & Co. lowered shares of Compañía Cervecerías Unidas from an overweight rating to an underweight rating and reduced their price target for the company from $21.00 to $10.00 in a research report on Thursday, August 8th. Bank of America lowered shares of Compañía Cervecerías Unidas from a neutral rating to an underperform rating and boosted their target price for the company from $12.60 to $13.70 in a research report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $13.36.

Compañía Cervecerías Unidas Stock Performance

Shares of CCU opened at $10.93 on Monday. The firm has a market capitalization of $2.02 billion, a P/E ratio of 19.10, a PEG ratio of 0.60 and a beta of 0.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.48 and a quick ratio of 1.81. Compañía Cervecerías Unidas has a one year low of $10.00 and a one year high of $15.82. The business has a fifty day moving average of $11.55 and a 200 day moving average of $11.95.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several large investors have recently added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in shares of Compañía Cervecerías Unidas by 42.4% in the 4th quarter. Signaturefd LLC now owns 3,494 shares of the company’s stock valued at $44,000 after acquiring an additional 1,040 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Compañía Cervecerías Unidas by 20.8% during the 4th quarter. Quadrant Capital Group LLC now owns 17,710 shares of the company’s stock worth $222,000 after acquiring an additional 3,048 shares during the period. Naples Global Advisors LLC grew its stake in shares of Compañía Cervecerías Unidas by 12.6% in the 2nd quarter. Naples Global Advisors LLC now owns 33,595 shares of the company’s stock valued at $382,000 after purchasing an additional 3,750 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Compañía Cervecerías Unidas by 55.3% during the second quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock worth $219,000 after purchasing an additional 6,495 shares during the last quarter. Finally, Malaga Cove Capital LLC raised its position in Compañía Cervecerías Unidas by 55.6% during the 4th quarter. Malaga Cove Capital LLC now owns 27,259 shares of the company’s stock worth $342,000 after buying an additional 9,736 shares during the last quarter. 24.07% of the stock is owned by hedge funds and other institutional investors.

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.