Compañía Cervecerías Unidas S.A. (NYSE:CCU - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.30 and traded as high as $12.69. Compañía Cervecerías Unidas shares last traded at $12.54, with a volume of 63,897 shares.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on CCU. The Goldman Sachs Group lowered their target price on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a "sell" rating on the stock in a research note on Tuesday, November 12th. Scotiabank upgraded Compañía Cervecerías Unidas from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $11.03.
Check Out Our Latest Stock Analysis on Compañía Cervecerías Unidas
Compañía Cervecerías Unidas Stock Performance
The stock has a 50 day simple moving average of $11.83 and a 200 day simple moving average of $11.35. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. The stock has a market cap of $2.40 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 2.28 and a beta of 0.90.
Institutional Investors Weigh In On Compañía Cervecerías Unidas
Large investors have recently modified their holdings of the business. Ballentine Partners LLC acquired a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter valued at $116,000. Wellington Management Group LLP boosted its holdings in shares of Compañía Cervecerías Unidas by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company's stock valued at $22,006,000 after purchasing an additional 39,971 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter valued at $126,000. Blue Trust Inc. boosted its holdings in shares of Compañía Cervecerías Unidas by 75.0% in the 3rd quarter. Blue Trust Inc. now owns 31,899 shares of the company's stock valued at $363,000 after purchasing an additional 13,668 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Compañía Cervecerías Unidas by 16.8% in the 4th quarter. Quadrant Capital Group LLC now owns 24,065 shares of the company's stock valued at $273,000 after purchasing an additional 3,470 shares in the last quarter. Institutional investors and hedge funds own 24.07% of the company's stock.
Compañía Cervecerías Unidas Company Profile
(
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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.
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