Compañía Cervecerías Unidas (NYSE:CCU) Sets New 52-Week High – Time to Buy?

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) hit a new 52-week high during trading on Wednesday . The stock traded as high as $15.19 and last traded at $15.25, with a volume of 38694 shares traded. The stock had previously closed at $15.09.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.03.

Compañía Cervecerías Unidas Stock Up 1.9 %

The stock’s fifty day simple moving average is $12.90 and its two-hundred day simple moving average is $11.77. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.69 and a beta of 0.85.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

A number of large investors have recently bought and sold shares of the business. Parvin Asset Management LLC acquired a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth approximately $44,000. Banque de Luxembourg S.A. bought a new stake in Compañía Cervecerías Unidas during the 4th quarter valued at $63,000. Fielder Capital Group LLC acquired a new position in Compañía Cervecerías Unidas during the 4th quarter worth $115,000. Ballentine Partners LLC acquired a new position in Compañía Cervecerías Unidas during the 4th quarter worth $116,000. Finally, R Squared Ltd bought a new position in shares of Compañía Cervecerías Unidas in the fourth quarter worth $126,000. Institutional investors own 24.07% of the company’s stock.

Compañía Cervecerías Unidas Company Profile

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.