Compania Cervecerias Unidas (CCU) Sees Large Volume Increase
Shares of Compania Cervecerias Unidas (NYSE:CCU) saw unusually-strong trading volume on Tuesday . Approximately 106,394 shares traded hands during mid-day trading, a decline of 17% from the previous session’s volume of 128,123 shares.The stock last traded at $22.78 and had previously closed at $22.77.
A number of equities research analysts have weighed in on CCU shares. Zacks Investment Research upgraded Compania Cervecerias Unidas from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a report on Friday, May 20th. TheStreet upgraded Compania Cervecerias Unidas from a “hold” rating to a “buy” rating in a report on Monday, June 6th. Finally, Goldman Sachs Group Inc. downgraded Compania Cervecerias Unidas from a “buy” rating to a “neutral” rating in a report on Wednesday, April 20th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Compania Cervecerias Unidas has an average rating of “Hold” and a consensus price target of $25.00.
The stock has a market capitalization of $4.16 billion and a PE ratio of 22.41. The company’s 50 day moving average is $22.63 and its 200-day moving average is $21.46.
Other institutional investors have recently bought and sold shares of the company. Russell Frank Co boosted its position in Compania Cervecerias Unidas by 118.2% in the fourth quarter. Russell Frank Co now owns 126,890 shares of the company’s stock worth $2,760,000 after buying an additional 68,727 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Compania Cervecerias Unidas by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 329,917 shares of the company’s stock worth $7,148,000 after buying an additional 1,900 shares during the last quarter. Finally, WBI Investments Inc. purchased a new position in Compania Cervecerias Unidas during the fourth quarter worth about $1,462,000.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.