Equities researchers at Scotiabank assumed coverage on shares of Compañía Cervecerías Unidas (NYSE:CCU) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set an “outperform” rating on the stock.
Separately, Zacks Investment Research raised Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, February 25th.
Compañía Cervecerías Unidas stock remained flat at $$18.10 during midday trading on Thursday. The company had a trading volume of 108,461 shares, compared to its average volume of 327,882. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.99 and a quick ratio of 1.99. Compañía Cervecerías Unidas has a 12-month low of $10.72 and a 12-month high of $18.89. The stock’s fifty day simple moving average is $17.92 and its two-hundred day simple moving average is $15.34. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 13.96 and a beta of 0.96.
Large investors have recently modified their holdings of the company. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Compañía Cervecerías Unidas in the third quarter worth approximately $262,000. Royal London Asset Management Ltd. boosted its stake in shares of Compañía Cervecerías Unidas by 16.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 42,400 shares of the company’s stock worth $624,000 after acquiring an additional 6,090 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Compañía Cervecerías Unidas in the third quarter worth approximately $712,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Compañía Cervecerías Unidas by 68.6% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 67,954 shares of the company’s stock worth $999,000 after acquiring an additional 27,653 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Compañía Cervecerías Unidas by 7.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,804 shares of the company’s stock worth $1,056,000 after acquiring an additional 5,200 shares during the last quarter. 16.22% of the stock is currently owned by hedge funds and other institutional investors.
Compañía Cervecerías Unidas Company Profile
CompaÃ±Ãa CervecerÃas Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. 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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