Compania Cervecerias Unidas (NYSE:CCU) Rating Lowered to “Strong Sell” at Zacks Research

Compania Cervecerias Unidas (NYSE:CCU) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research firms also recently issued reports on CCU. The Goldman Sachs Group dropped their price objective on shares of Compania Cervecerias Unidas from $11.50 to $10.00 and set a “sell” rating for the company in a report on Thursday, September 11th. Weiss Ratings restated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research report on Tuesday. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $10.00.

Compania Cervecerias Unidas Trading Down 1.9%

Compania Cervecerias Unidas stock opened at $13.17 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.38 and a current ratio of 2.06. Compania Cervecerias Unidas has a fifty-two week low of $11.06 and a fifty-two week high of $15.75. The stock has a market cap of $2.43 billion, a P/E ratio of 17.10, a PEG ratio of 1.26 and a beta of 0.46. The firm’s fifty day moving average price is $12.57 and its 200-day moving average price is $12.60.

Compania Cervecerias Unidas (NYSE:CCU) last posted its earnings results on Wednesday, November 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.08). The business had revenue of $684.82 million for the quarter, compared to analysts’ expectations of $783.08 million. Compania Cervecerias Unidas had a return on equity of 8.18% and a net margin of 4.48%. Equities research analysts forecast that Compania Cervecerias Unidas will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Compania Cervecerias Unidas

Several institutional investors and hedge funds have recently bought and sold shares of CCU. First Affirmative Financial Network bought a new stake in shares of Compania Cervecerias Unidas during the third quarter valued at approximately $143,000. Advisory Services Network LLC purchased a new position in Compania Cervecerias Unidas in the 3rd quarter worth approximately $91,000. Bank of America Corp DE raised its holdings in Compania Cervecerias Unidas by 7.8% in the 3rd quarter. Bank of America Corp DE now owns 304,785 shares of the company’s stock worth $3,694,000 after acquiring an additional 22,008 shares during the last quarter. Wellington Management Group LLP boosted its stake in Compania Cervecerias Unidas by 27.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,461,212 shares of the company’s stock valued at $29,830,000 after purchasing an additional 526,665 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC boosted its stake in Compania Cervecerias Unidas by 57.4% during the 3rd quarter. BTG Pactual Asset Management US LLC now owns 23,073 shares of the company’s stock valued at $298,000 after purchasing an additional 8,417 shares during the last quarter. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

Compania Cervecerias Unidas Company Profile

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.