Compañía Cervecerías Unidas (NYSE:CCU) Lowered to “Hold” Rating by Scotiabank

Scotiabank cut shares of Compañía Cervecerías Unidas (NYSE:CCU) from a strong-buy rating to a hold rating in a report published on Thursday morning,Zacks.com reports.

Separately, StockNews.com downgraded Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.03.

Compañía Cervecerías Unidas Trading Down 0.1 %

CCU opened at $14.84 on Thursday. The firm’s fifty day simple moving average is $14.99 and its 200 day simple moving average is $12.90. The stock has a market capitalization of $2.74 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.69 and a beta of 0.74. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. Compañía Cervecerías Unidas has a 12 month low of $10.00 and a 12 month high of $15.75.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Several hedge funds have recently modified their holdings of CCU. Bennbridge Ltd acquired a new position in shares of Compañía Cervecerías Unidas during the 4th quarter worth approximately $14,120,000. BLI Banque de Luxembourg Investments bought a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter valued at about $7,141,000. First Eagle Investment Management LLC grew its holdings in Compañía Cervecerías Unidas by 1.8% during the fourth quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company’s stock worth $180,949,000 after purchasing an additional 281,295 shares during the period. Wellington Management Group LLP increased its position in Compañía Cervecerías Unidas by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company’s stock worth $22,427,000 after buying an additional 87,318 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Compañía Cervecerías Unidas by 347.8% in the 4th quarter. Northern Trust Corp now owns 88,180 shares of the company’s stock valued at $999,000 after acquiring an additional 68,490 shares during the period. 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.