Scotiabank Downgrades Compañía Cervecerías Unidas (NYSE:CCU) to Hold

Compañía Cervecerías Unidas (NYSE:CCU - Get Free Report) was downgraded by research analysts at Scotiabank from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Thursday, May 8th,Zacks.com reports.

Separately, StockNews.com downgraded shares of Compañía Cervecerías Unidas from a "strong-buy" rating to a "buy" rating in a report on Friday, May 9th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.03.

Compañía Cervecerías Unidas Trading Down 0.2%

Shares of CCU stock traded down $0.02 during mid-day trading on Thursday, hitting $14.55. The company's stock had a trading volume of 9,371 shares, compared to its average volume of 183,281. The company has a market cap of $2.69 billion, a PE ratio of 19.40, a P/E/G 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. Compañía Cervecerías Unidas has a 52 week low of $10.00 and a 52 week high of $15.75. The company's fifty day simple moving average is $14.98 and its 200-day simple moving average is $12.96.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several hedge funds have recently modified their holdings of the stock. Bennbridge Ltd bought a new stake in Compañía Cervecerías Unidas during the fourth quarter valued at $14,120,000. BLI Banque de Luxembourg Investments acquired a new position in Compañía Cervecerías Unidas in the fourth quarter valued at about $7,141,000. First Eagle Investment Management LLC boosted its holdings in shares of Compañía Cervecerías Unidas by 1.8% in the fourth quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company's stock valued at $180,949,000 after buying an additional 281,295 shares during the period. Wellington Management Group LLP raised its position in shares of Compañía Cervecerías Unidas by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company's stock valued at $22,427,000 after purchasing an additional 87,318 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of 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 purchasing an additional 68,490 shares in the last quarter. 24.07% of the stock is owned by institutional investors and hedge funds.

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.