Compania Cervecerias Unidas (NYSE:CCU) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, September 4th, ValuEngine reports.
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Compania Cervecerias Unidas from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. TheStreet downgraded shares of Compania Cervecerias Unidas from a “b” rating to a “c+” rating in a research note on Wednesday, August 28th.
NYSE CCU traded up $0.15 on Wednesday, reaching $23.06. The stock had a trading volume of 405 shares, compared to its average volume of 342,370. Compania Cervecerias Unidas has a 12-month low of $21.72 and a 12-month high of $29.48. The stock has a fifty day moving average price of $24.76 and a two-hundred day moving average price of $27.15. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 8.65 and a beta of 0.59.
Compania Cervecerias Unidas (NYSE:CCU) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $552.46 million for the quarter. Compania Cervecerias Unidas had a return on equity of 11.29% and a net margin of 8.64%. Sell-side analysts forecast that Compania Cervecerias Unidas will post 1.23 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the business. NumerixS Investment Technologies Inc purchased a new position in Compania Cervecerias Unidas in the second quarter valued at about $62,000. Signaturefd LLC grew its stake in Compania Cervecerias Unidas by 19.9% in the 1st quarter. Signaturefd LLC now owns 2,611 shares of the company’s stock worth $77,000 after acquiring an additional 433 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in Compania Cervecerias Unidas in the 1st quarter worth approximately $105,000. Nomura Asset Management Co. Ltd. purchased a new stake in Compania Cervecerias Unidas in the 2nd quarter worth approximately $113,000. Finally, BNP Paribas Arbitrage SA purchased a new stake in Compania Cervecerias Unidas in the 1st quarter worth approximately $141,000. 17.50% of the stock is owned by institutional investors.
About Compania Cervecerias Unidas
Compañía Cervecerías Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. The company operates through Chile, International Business, and Wine segments. 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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