Zacks Investment Research upgraded shares of Compania Cervecerias Unidas (NYSE:CCU) from a strong sell rating to a hold rating in a research report released on Tuesday.

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. “

A number of other equities analysts have also commented on the stock. Citigroup Inc. lowered shares of Compania Cervecerias Unidas from a buy rating to a neutral rating and reduced their target price for the stock from $25.50 to $24.50 in a research report on Monday, August 29th. JPMorgan Chase & Co. lowered shares of Compania Cervecerias Unidas from a neutral rating to an underweight rating in a research report on Wednesday, October 5th. Finally, TheStreet lowered shares of Compania Cervecerias Unidas from a buy rating to a hold rating in a research report on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $24.88.

Shares of Compania Cervecerias Unidas (NYSE:CCU) traded up 1.06% during trading on Tuesday, reaching $21.02. 85,238 shares of the company were exchanged. Compania Cervecerias Unidas has a 1-year low of $18.78 and a 1-year high of $25.27. The company’s 50-day moving average is $20.39 and its 200 day moving average is $21.90. The firm has a market capitalization of $3.88 billion, a PE ratio of 23.57 and a beta of 0.67.

Several hedge funds and other institutional investors have recently bought and sold shares of CCU. Naples Global Advisors LLC boosted its position in Compania Cervecerias Unidas by 9.9% in the third quarter. Naples Global Advisors LLC now owns 57,167 shares of the company’s stock worth $1,154,000 after buying an additional 5,150 shares in the last quarter. Macquarie Group Ltd. boosted its position in Compania Cervecerias Unidas by 21.0% in the second quarter. Macquarie Group Ltd. now owns 495,139 shares of the company’s stock worth $11,558,000 after buying an additional 85,900 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Compania Cervecerias Unidas during the second quarter worth about $283,000. AQR Capital Management LLC boosted its position in Compania Cervecerias Unidas by 307.4% in the second quarter. AQR Capital Management LLC now owns 305,190 shares of the company’s stock worth $7,123,000 after buying an additional 230,285 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Compania Cervecerias Unidas by 1.3% in the second quarter. Parametric Portfolio Associates LLC now owns 234,195 shares of the company’s stock worth $5,466,000 after buying an additional 2,978 shares in the last quarter. 15.00% of the stock is owned by institutional investors and hedge funds.

Compania Cervecerias Unidas Company Profile

Compania Cervecerias Unidas SA is a beverage company. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. It also participates in the home and office delivery (HOD), rum and confectionery industries in Chile; in the beer, water and soft drinks industries in Uruguay, and in the soft drinks, water and nectar industries and beer distribution in Paraguay and Bolivia.

5 Day Chart for NYSE:CCU

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