Compañía Cervecerías Unidas (NYSE:CCU) Stock Rating Lowered by Scotiabank

Compañía Cervecerías Unidas (NYSE:CCU - Get Free Report) was downgraded by equities research analysts at Scotiabank from a "strong-buy" rating to a "hold" rating in a research report issued on Thursday,Zacks.com reports.

Separately, StockNews.com downgraded shares of Compañía Cervecerías Unidas from a "strong-buy" rating to a "buy" rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $11.03.

Compañía Cervecerías Unidas Trading Down 0.1 %

Shares of CCU stock opened at $14.84 on Thursday. Compañía Cervecerías Unidas has a fifty-two week low of $10.00 and a fifty-two week high of $15.75. The company has a 50 day moving average price of $14.99 and a 200 day moving average price of $12.90. The stock has a market capitalization of $2.74 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. 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 Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCU. R Squared Ltd lifted its position in shares of Compañía Cervecerías Unidas by 77.7% during the 1st quarter. R Squared Ltd now owns 19,809 shares of the company's stock worth $301,000 after purchasing an additional 8,659 shares during the last quarter. Fielder Capital Group LLC lifted its holdings in Compañía Cervecerías Unidas by 24.3% during the 1st quarter. Fielder Capital Group LLC now owns 12,636 shares of the company's stock worth $192,000 after buying an additional 2,467 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Compañía Cervecerías Unidas by 32.1% during the 1st quarter. Ballentine Partners LLC now owns 13,533 shares of the company's stock worth $206,000 after acquiring an additional 3,286 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Compañía Cervecerías Unidas by 26.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 73,026 shares of the company's stock valued at $1,110,000 after acquiring an additional 15,323 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Compañía Cervecerías Unidas by 13.4% during the 1st quarter. Blue Trust Inc. now owns 24,252 shares of the company's stock worth $369,000 after acquiring an additional 2,863 shares in the last quarter. Institutional investors and hedge funds 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.

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