Compañía Cervecerías Unidas (NYSE:CCU) Lowered to Buy Rating by StockNews.com

StockNews.com downgraded shares of Compañía Cervecerías Unidas (NYSE:CCU) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday.

Compañía Cervecerías Unidas Price Performance

CCU stock opened at $14.65 on Thursday. The company has a market capitalization of $2.71 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85. Compañía Cervecerías Unidas has a 52-week low of $10.00 and a 52-week high of $15.10. The business has a 50-day simple moving average of $12.62 and a two-hundred day simple moving average of $11.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06.

Institutional Trading of Compañía Cervecerías Unidas

Several institutional investors have recently made changes to their positions in CCU. Two Sigma Advisers LP lifted its position in shares of Compañía Cervecerías Unidas by 47.2% during the fourth quarter. Two Sigma Advisers LP now owns 18,100 shares of the company’s stock valued at $205,000 after purchasing an additional 5,800 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Compañía Cervecerías Unidas during the 4th quarter worth approximately $149,000. Banque de Luxembourg S.A. purchased a new position in shares of Compañía Cervecerías Unidas in the 4th quarter worth approximately $63,000. Bank of America Corp DE grew its holdings in shares of Compañía Cervecerías Unidas by 28.9% in the fourth quarter. Bank of America Corp DE now owns 242,520 shares of the company’s stock valued at $2,748,000 after acquiring an additional 54,372 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments bought a new position in shares of Compañía Cervecerías Unidas in the fourth quarter valued at approximately $7,141,000. 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.