Compañía Cervecerías Unidas S.A. (NYSE:CCU - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.11 and traded as high as $15.43. Compañía Cervecerías Unidas shares last traded at $15.37, with a volume of 318,950 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com upgraded Compañía Cervecerías Unidas from a "buy" rating to a "strong-buy" rating in a report on Friday, March 21st. Three analysts have rated the stock with a sell rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $11.03.
Read Our Latest Stock Report on Compañía Cervecerías Unidas
Compañía Cervecerías Unidas Price Performance
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 company's fifty day moving average is $13.83 and its two-hundred day moving average is $12.21. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 2.69 and a beta of 0.85.
Institutional Investors Weigh In On Compañía Cervecerías Unidas
A number of institutional investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in Compañía Cervecerías Unidas by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company's stock valued at $22,427,000 after acquiring an additional 87,318 shares during the period. 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 worth $205,000 after purchasing an additional 5,800 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in shares of Compañía Cervecerías Unidas in the fourth quarter valued at approximately $149,000. Banque de Luxembourg S.A. acquired a new position in shares of Compañía Cervecerías Unidas in the fourth quarter valued at approximately $63,000. Finally, Bank of America Corp DE increased its stake in Compañía Cervecerías Unidas by 28.9% during the 4th quarter. Bank of America Corp DE now owns 242,520 shares of the company's stock worth $2,748,000 after buying an additional 54,372 shares during the period. 24.07% of the stock is owned by institutional investors and hedge funds.
About Compañía Cervecerías Unidas
(
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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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