Compañía Cervecerías Unidas (NYSE:CCU) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Compañía Cervecerías Unidas (NYSE:CCUFree Report) from a strong-buy rating to a buy rating in a research note published on Thursday.

Compañía Cervecerías Unidas Price Performance

Shares of NYSE CCU opened at $14.75 on Thursday. The firm has a market capitalization of $2.72 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.69 and a beta of 0.85. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80. The stock’s 50-day simple moving average is $12.76 and its two-hundred day simple moving average is $11.72. Compañía Cervecerías Unidas has a twelve month low of $10.00 and a twelve month high of $15.10.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several institutional investors have recently bought and sold shares of the stock. Parvin Asset Management LLC purchased a new stake in Compañía Cervecerías Unidas in the 4th quarter worth approximately $44,000. Banque de Luxembourg S.A. purchased a new stake in Compañía Cervecerías Unidas in the 4th quarter worth approximately $63,000. Fielder Capital Group LLC purchased a new stake in Compañía Cervecerías Unidas in the 4th quarter worth approximately $115,000. Ballentine Partners LLC purchased a new stake in Compañía Cervecerías Unidas in the 4th quarter worth approximately $116,000. Finally, R Squared Ltd purchased a new stake in Compañía Cervecerías Unidas in the 4th quarter worth approximately $126,000. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

Compañía Cervecerías Unidas Company Profile

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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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