Compañía Cervecerías Unidas (NYSE:CCU) Upgraded at StockNews.com

StockNews.com upgraded shares of Compañía Cervecerías Unidas (NYSE:CCU) from a buy rating to a strong-buy rating in a research report released on Wednesday morning.

A number of other research firms have also weighed in on CCU. Scotiabank upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group cut their price objective on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Compañía Cervecerías Unidas currently has an average rating of “Hold” and a consensus target price of $11.03.

Compañía Cervecerías Unidas Stock Up 1.1 %

NYSE:CCU opened at $14.95 on Wednesday. The firm has a market capitalization of $2.76 billion, a P/E ratio of 19.93, a PEG ratio of 2.69 and a beta of 0.90. Compañía Cervecerías Unidas has a 1-year low of $10.00 and a 1-year high of $15.10. The company’s fifty day moving average price is $12.37 and its 200-day moving average price is $11.60. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCU. Bennbridge Ltd purchased a new position in Compañía Cervecerías Unidas during the fourth quarter valued at $14,120,000. BLI Banque de Luxembourg Investments purchased a new position in Compañía Cervecerías Unidas during the fourth quarter valued at $7,141,000. First Eagle Investment Management LLC lifted its holdings in Compañía Cervecerías Unidas by 1.8% during the fourth quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company’s stock valued at $180,949,000 after purchasing an additional 281,295 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Compañía Cervecerías Unidas by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company’s stock valued at $22,427,000 after purchasing an additional 87,318 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Compañía Cervecerías Unidas by 347.8% during the fourth quarter. Northern Trust Corp now owns 88,180 shares of the company’s stock valued at $999,000 after purchasing an additional 68,490 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.