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

Compañía Cervecerías Unidas (NYSE:CCU) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Compañía Cervecerías Unidas Trading Up 0.8 %

Shares of CCU opened at $15.33 on Friday. Compañía Cervecerías Unidas has a 52-week low of $10.00 and a 52-week high of $15.40. The business’s fifty day moving average is $13.12 and its 200-day moving average is $11.86. 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 firm has a market cap of $2.83 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.69 and a beta of 0.85.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Hedge funds and other institutional investors have recently modified their holdings of the business. First Eagle Investment Management LLC increased its stake in shares of Compañía Cervecerías Unidas by 1.8% in the 4th quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company’s stock valued at $180,949,000 after purchasing an additional 281,295 shares during the last quarter. Ballentine Partners LLC acquired a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter valued at $116,000. Stephens Inc. AR boosted its holdings in shares of Compañía Cervecerías Unidas by 23.2% during the 4th quarter. Stephens Inc. AR now owns 21,020 shares of the company’s stock valued at $238,000 after acquiring an additional 3,955 shares in the last quarter. Bennbridge Ltd acquired a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter valued at $14,120,000. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter valued at $594,000. Institutional investors 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.