Compania Cervecerias Unidas (NYSE:CCU) Upgraded at Zacks Research

Compania Cervecerias Unidas (NYSE:CCU) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on the company. Wall Street Zen lowered Compania Cervecerias Unidas from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings downgraded Compania Cervecerias Unidas from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $12.00.

Compania Cervecerias Unidas Trading Down 0.5%

Shares of CCU stock opened at $11.73 on Monday. The company has a market capitalization of $2.17 billion, a P/E ratio of 17.25, a P/E/G ratio of 0.94 and a beta of 0.53. Compania Cervecerias Unidas has a 12-month low of $10.71 and a 12-month high of $15.36. The company has a quick ratio of 1.46, a current ratio of 2.04 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $11.68 and a 200 day moving average price of $12.65.

Compania Cervecerias Unidas (NYSE:CCU) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.08. Compania Cervecerias Unidas had a net margin of 4.14% and a return on equity of 7.34%. The firm had revenue of $884.42 million for the quarter, compared to analysts’ expectations of $839.83 million. Research analysts forecast that Compania Cervecerias Unidas will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Compania Cervecerias Unidas

Large investors have recently modified their holdings of the stock. Arax Advisory Partners increased its holdings in shares of Compania Cervecerias Unidas by 917.9% in the fourth quarter. Arax Advisory Partners now owns 2,270 shares of the company’s stock valued at $29,000 after purchasing an additional 2,047 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Compania Cervecerias Unidas by 69.1% during the 4th quarter. Parallel Advisors LLC now owns 2,557 shares of the company’s stock worth $33,000 after buying an additional 1,045 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Compania Cervecerias Unidas by 1,252.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company’s stock worth $42,000 after buying an additional 2,994 shares in the last quarter. Rhumbline Advisers boosted its position in Compania Cervecerias Unidas by 140.6% in the 1st quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock valued at $100,000 after buying an additional 3,831 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Compania Cervecerias Unidas in the 3rd quarter valued at $91,000. 24.07% of the stock is currently owned by institutional investors and hedge funds.

Compania Cervecerias Unidas Company Profile

Compañía Cervecerías Unidas SA (NYSE: CCU) is a Chile-based beverages company with operations across Latin America. The company engages in the production, marketing and distribution of beer, soft drinks, wines, mineral water and other non-alcoholic beverages. Through a combination of owned brands and licensing agreements, CCU serves both domestic and export markets with a diversified portfolio designed to meet evolving consumer tastes.

In its beer segment, CCU produces flagship brands such as Cristal, Escudo and Royal Guard, while also brewing international labels under license, including Heineken in select markets.