Compania Cervecerias Unidas (NYSE:CCU) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued 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. “

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. downgraded Compania Cervecerias Unidas from a “neutral” rating to an “underweight” rating in a research note on Wednesday, October 5th. TheStreet downgraded Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Finally, Citigroup Inc. downgraded Compania Cervecerias Unidas from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.50 to $24.50 in a research note on Monday, August 29th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $24.75.

Shares of Compania Cervecerias Unidas (NYSE:CCU) opened at 19.89 on Tuesday. The company has a 50-day moving average of $20.71 and a 200 day moving average of $21.62. The company has a market cap of $3.67 billion, a PE ratio of 24.68 and a beta of 0.54. Compania Cervecerias Unidas has a 12-month low of $18.78 and a 12-month high of $24.17.

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Hedge funds have recently modified their holdings of the company. US Bancorp DE boosted its stake in shares of Compania Cervecerias Unidas by 43.5% in the third quarter. US Bancorp DE now owns 5,345 shares of the company’s stock valued at $107,000 after buying an additional 1,619 shares during the period. Somerset Capital Management LLP purchased a new stake in shares of Compania Cervecerias Unidas during the third quarter valued at about $227,000. KCG Holdings Inc. purchased a new stake in shares of Compania Cervecerias Unidas during the third quarter valued at about $228,000. Morgan Stanley boosted its stake in shares of Compania Cervecerias Unidas by 1,043.2% in the third quarter. Morgan Stanley now owns 11,821 shares of the company’s stock valued at $239,000 after buying an additional 10,787 shares during the period. Finally, World Asset Management Inc boosted its stake in shares of Compania Cervecerias Unidas by 8.0% in the third quarter. World Asset Management Inc now owns 12,360 shares of the company’s stock valued at $250,000 after buying an additional 917 shares during the period. 12.57% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:CCU

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