Zacks Investment Research upgraded shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) from a hold rating to a buy rating in a research note issued to investors on Monday morning. Zacks Investment Research currently has $31.00 target price on the stock.

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 upgraded Compania Cervecerias Unidas, from a hold rating to a buy rating in a report on Saturday, August 19th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Compania Cervecerias Unidas, currently has a consensus rating of Buy and a consensus price target of $28.00.

Compania Cervecerias Unidas, (NYSE CCU) opened at 27.40 on Monday. Compania Cervecerias Unidas, has a 52-week low of $19.31 and a 52-week high of $28.22. The firm has a 50-day moving average price of $26.90 and a 200 day moving average price of $25.77. The company has a market capitalization of $5.06 billion, a P/E ratio of 26.65 and a beta of 0.33.

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A number of large investors have recently modified their holdings of the stock. Global X Management Co. LLC raised its position in Compania Cervecerias Unidas, by 22.2% in the second quarter. Global X Management Co. LLC now owns 113,602 shares of the company’s stock worth $2,981,000 after buying an additional 20,650 shares during the last quarter. Shell Asset Management Co. raised its position in Compania Cervecerias Unidas, by 2.2% in the first quarter. Shell Asset Management Co. now owns 38,154 shares of the company’s stock worth $964,000 after buying an additional 804 shares during the last quarter. US Bancorp DE raised its position in Compania Cervecerias Unidas, by 16.3% in the first quarter. US Bancorp DE now owns 24,131 shares of the company’s stock worth $610,000 after buying an additional 3,378 shares during the last quarter. Marathon Asset Management LLP raised its position in Compania Cervecerias Unidas, by 13.0% in the second quarter. Marathon Asset Management LLP now owns 26,980 shares of the company’s stock worth $708,000 after buying an additional 3,095 shares during the last quarter. Finally, Comerica Bank raised its position in Compania Cervecerias Unidas, by 1.3% in the first quarter. Comerica Bank now owns 10,592 shares of the company’s stock worth $272,000 after buying an additional 138 shares during the last quarter. Institutional investors own 14.10% of the company’s stock.

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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