Compania Cervecerias Unidas, S.A. (CCU) Upgraded by TheStreet to B-

Compania Cervecerias Unidas, S.A. (NYSE:CCU) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a report released on Wednesday.

Separately, Zacks Investment Research raised shares of Compania Cervecerias Unidas, from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 18th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $24.75.

Shares of Compania Cervecerias Unidas, (NYSE:CCU) traded down 1.44% on Wednesday, hitting $23.23. 80,966 shares of the stock were exchanged. The company has a 50-day moving average price of $22.12 and a 200-day moving average price of $21.26. The firm has a market capitalization of $4.29 billion, a PE ratio of 27.33 and a beta of 0.54. Compania Cervecerias Unidas, has a one year low of $18.92 and a one year high of $24.17.

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Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC acquired a new stake in shares of Compania Cervecerias Unidas, during the fourth quarter valued at $100,000. FNY Partners Fund LP purchased a new position in shares of Compania Cervecerias Unidas, during the fourth quarter valued at approximately $105,000. US Bancorp DE boosted its position in shares of Compania Cervecerias Unidas, by 43.5% in the third quarter. US Bancorp DE now owns 5,345 shares of the company’s stock valued at $107,000 after buying an additional 1,619 shares during the last quarter. Comerica Bank purchased a new position in shares of Compania Cervecerias Unidas, during the fourth quarter valued at approximately $224,000. Finally, Somerset Capital Management LLP purchased a new position in shares of Compania Cervecerias Unidas, during the third quarter valued at approximately $227,000. Institutional investors and hedge funds own 13.76% of the company’s stock.

About Compania Cervecerias Unidas,

Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.

5 Day Chart for NYSE:CCU

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