Compania Cervecerias Unidas (CCU) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of Compania Cervecerias Unidas (NYSE:CCU) from a sell rating to a hold rating in a report issued on Tuesday morning.
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 raised Compania Cervecerias Unidas from a hold rating to a buy rating in a research report on Saturday, August 19th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Compania Cervecerias Unidas has a consensus rating of Buy and an average target price of $27.50.
Institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. purchased a new stake in Compania Cervecerias Unidas during the 2nd quarter worth about $115,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Compania Cervecerias Unidas during the 2nd quarter worth about $212,000. Dynamic Technology Lab Private Ltd purchased a new stake in Compania Cervecerias Unidas during the 2nd quarter worth about $244,000. HighTower Advisors LLC purchased a new stake in Compania Cervecerias Unidas during the 2nd quarter worth about $301,000. Finally, Susquehanna International Group LLP lifted its holdings in Compania Cervecerias Unidas by 22.4% during the 2nd quarter. Susquehanna International Group LLP now owns 19,100 shares of the company’s stock worth $501,000 after purchasing an additional 3,492 shares in the last quarter. 13.61% of the stock is currently owned by institutional investors and hedge funds.
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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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