Compañía Cervecerías Unidas (NYSE:CCU) Upgraded by StockNews.com to Strong-Buy Rating

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

Several other research firms have also commented on CCU. The Goldman Sachs Group lowered their price objective on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a research report on Tuesday, November 12th. Scotiabank raised shares of Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.03.

Compañía Cervecerías Unidas Stock Up 3.4 %

Shares of CCU stock opened at $14.58 on Wednesday. Compañía Cervecerías Unidas has a fifty-two week low of $10.00 and a fifty-two week high of $14.61. The firm has a market capitalization of $2.69 billion, a PE ratio of 19.43, a P/E/G ratio of 2.69 and a beta of 0.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06. The stock’s 50-day simple moving average is $12.24 and its 200-day simple moving average is $11.55.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its stake in Compañía Cervecerías Unidas by 16.8% during the 4th quarter. Quadrant Capital Group LLC now owns 24,065 shares of the company’s stock worth $273,000 after acquiring an additional 3,470 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter worth about $44,000. Stephens Inc. AR lifted its position in shares of Compañía Cervecerías Unidas by 23.2% during the fourth quarter. Stephens Inc. AR now owns 21,020 shares of the company’s stock worth $238,000 after purchasing an additional 3,955 shares in the last quarter. Banque de Luxembourg S.A. purchased a new position in shares of Compañía Cervecerías Unidas in the fourth quarter valued at approximately $63,000. Finally, Two Sigma Advisers LP grew its holdings in shares of Compañía Cervecerías Unidas by 47.2% in the fourth quarter. Two Sigma Advisers LP now owns 18,100 shares of the company’s stock valued at $205,000 after purchasing an additional 5,800 shares in the last quarter. 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.