Zacks Investment Research Downgrades Compania Cervecerias Unidas, S.A. (CCU) to Sell

Compania Cervecerias Unidas, S.A. (NYSE:CCU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, July 11th.

According to Zacks, “Compañía Cervecerías Unidas S. A. (CCU) has successfully positioned itself as a Chilean multinational beverage company, with diversified businesses and operations focused on the Southern Cone of South America. CCU is active in the beer industry in Chile, where it operates the country’s leading brewery, and in Argentina, where it holds third place in the market. In the non-alcoholic beverages sector, it is Chile’s second-largest bottler of carbonated beverages and the leader in the mineral water market. It has winemaking operations in Argentina and in Chile. “

A number of other research analysts have also weighed in on CCU. BidaskClub lowered Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. JPMorgan Chase & Co. raised Compania Cervecerias Unidas, from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $25.00 in a report on Wednesday, April 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Compania Cervecerias Unidas, currently has a consensus rating of “Hold” and an average target price of $26.17.

Compania Cervecerias Unidas, (NYSE:CCU) traded up 0.42% during mid-day trading on Tuesday, reaching $26.37. 210,930 shares of the company’s stock traded hands. The stock has a market cap of $4.87 billion, a P/E ratio of 26.42 and a beta of 0.33. The company has a 50 day moving average price of $26.39 and a 200-day moving average price of $25.29. Compania Cervecerias Unidas, has a 12 month low of $19.31 and a 12 month high of $27.28.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. bought a new position in Compania Cervecerias Unidas, during the second quarter worth $115,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in Compania Cervecerias Unidas, during the second quarter worth $212,000. Comerica Bank bought a new position in Compania Cervecerias Unidas, during the fourth quarter worth $224,000. World Asset Management Inc raised its position in Compania Cervecerias Unidas, by 1.9% in the first quarter. World Asset Management Inc now owns 11,516 shares of the company’s stock worth $291,000 after buying an additional 212 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Compania Cervecerias Unidas, during the first quarter valued at approximately $300,000. 13.17% of the stock is owned by institutional investors and hedge funds.

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.

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