Compañía Cervecerías Unidas (NYSE:CCU) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Compañía Cervecerías Unidas (NYSE:CCU) from a hold rating to a buy rating in a research note released on Tuesday morning.

Several other research firms have also commented on CCU. Bank of America lowered shares of Compañía Cervecerías Unidas from a neutral rating to an underperform rating and upped their price target for the company from $12.60 to $13.70 in a research report on Thursday, May 23rd. 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. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $13.36.

Compañía Cervecerías Unidas Price Performance

NYSE CCU opened at $11.62 on Tuesday. Compañía Cervecerías Unidas has a 52 week low of $10.00 and a 52 week high of $15.55. The firm has a market capitalization of $2.15 billion, a P/E ratio of 20.03, a PEG ratio of 0.60 and a beta of 0.90. The company has a quick ratio of 1.81, a current ratio of 2.48 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $11.44 and a 200-day moving average price of $11.92.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its holdings in Compañía Cervecerías Unidas by 1.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 15,741,885 shares of the company’s stock worth $179,143,000 after acquiring an additional 184,970 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Compañía Cervecerías Unidas by 82.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock worth $1,897,000 after acquiring an additional 75,147 shares in the last quarter. American Century Companies Inc. increased its holdings in Compañía Cervecerías Unidas by 37.5% in the 2nd quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock worth $903,000 after acquiring an additional 21,630 shares in the last quarter. Malaga Cove Capital LLC increased its holdings in Compañía Cervecerías Unidas by 39.8% in the 2nd quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company’s stock worth $656,000 after acquiring an additional 16,396 shares in the last quarter. Finally, Privium Fund Management UK Ltd increased its holdings in Compañía Cervecerías Unidas by 98.1% in the 2nd quarter. Privium Fund Management UK Ltd now owns 120,892 shares of the company’s stock worth $1,348,000 after acquiring an additional 59,863 shares in 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.