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

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

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

Compañía Cervecerías Unidas Stock Performance

Shares of CCU stock opened at $14.58 on Wednesday. Compañía Cervecerías Unidas has a 12 month low of $10.00 and a 12 month high of $14.61. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. The company has a market cap of $2.69 billion, a P/E ratio of 19.43, a PEG ratio of 2.69 and a beta of 0.90. The firm has a fifty day moving average price of $12.24 and a 200 day moving average price of $11.55.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCU. Parvin Asset Management LLC acquired a new stake in Compañía Cervecerías Unidas during the 4th quarter valued at $44,000. Banque de Luxembourg S.A. acquired a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter valued at $63,000. Fielder Capital Group LLC acquired a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter valued at $115,000. Ballentine Partners LLC purchased a new stake in Compañía Cervecerías Unidas during the 4th quarter worth about $116,000. Finally, R Squared Ltd acquired a new position in Compañía Cervecerías Unidas in the 4th quarter valued at about $126,000. Institutional investors and hedge funds own 24.07% of the company’s stock.

About Compañía Cervecerías Unidas

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.