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.
“Compania Cervecerias Unidas, S.A. (CCU) Upgraded by TheStreet to B-” was first posted by WKRB News and is the property of of WKRB News. If you are reading this article on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this article can be viewed at http://www.wkrb13.com/markets/1981693/compania-cervecerias-unidas-s-a-ccu-upgraded-by-thestreet-to-b.html.
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.
This story was originally published by WKRB News (http://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.wkrb13.com/markets/1981693/compania-cervecerias-unidas-s-a-ccu-upgraded-by-thestreet-to-b.html
Receive News & Ratings for Compania Cervecerias Unidas S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compania Cervecerias Unidas S.A. and related companies with MarketBeat.com's FREE daily email newsletter.