Compania Cervecerias Unidas S.A. (CCU) Rating Increased to Buy at Zacks Investment Research

Compania Cervecerias Unidas S.A. (NYSE:CCU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm currently has a $30.00 price objective on the stock. Zacks Investment Research‘s price target points to a potential upside of 10.95% from the company’s current price.

According to Zacks, “Compañía Cervecerías Unidas S. A. (CCU) has successfully positioned itself as a Chilean multinational beverage company, with diversified businesses and operations focused on the Southern Cone of South America. CCU is active in the beer industry in Chile, where it operates the country’s leading brewery, and in Argentina, where it holds third place in the market. In the non-alcoholic beverages sector, it is Chile’s second-largest bottler of carbonated beverages and the leader in the mineral water market. It has winemaking operations in Argentina and in Chile. “

Separately, BidaskClub downgraded shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $27.50.

Compania Cervecerias Unidas (NYSE CCU) traded up 0.60% during trading on Monday, hitting $27.04. 95,706 shares of the stock were exchanged. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 25.61 and a beta of 0.33. The firm has a 50-day moving average of $27.17 and a 200-day moving average of $26.06. Compania Cervecerias Unidas has a 52 week low of $19.49 and a 52 week high of $28.22.

COPYRIGHT VIOLATION NOTICE: “Compania Cervecerias Unidas S.A. (CCU) Rating Increased to Buy at Zacks Investment Research” was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://www.chaffeybreeze.com/2017/09/18/compania-cervecerias-unidas-s-a-ccu-rating-increased-to-buy-at-zacks-investment-research.html.

Several institutional investors have recently made changes to their positions in CCU. US Bancorp DE boosted its position in shares of Compania Cervecerias Unidas by 16.3% in the first quarter. US Bancorp DE now owns 24,131 shares of the company’s stock valued at $610,000 after acquiring an additional 3,378 shares during the period. Comerica Bank boosted its position in shares of Compania Cervecerias Unidas by 1.3% in the first quarter. Comerica Bank now owns 10,592 shares of the company’s stock valued at $272,000 after acquiring an additional 138 shares during the period. World Asset Management Inc boosted its position in shares of Compania Cervecerias Unidas by 1.9% in the first quarter. World Asset Management Inc now owns 11,516 shares of the company’s stock valued at $291,000 after acquiring an additional 212 shares during the period. Karp Capital Management Corp bought a new stake in shares of Compania Cervecerias Unidas in the first quarter valued at about $3,106,000. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Compania Cervecerias Unidas by 23.1% in the first quarter. Parametric Portfolio Associates LLC now owns 307,577 shares of the company’s stock valued at $7,772,000 after acquiring an additional 57,748 shares during the period. 14.10% of the stock is owned by institutional investors.

Compania Cervecerias Unidas Company Profile

Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.

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