Compania Cervecerias Unidas (CCU) Sees Large Volume Increase
Compania Cervecerias Unidas (NYSE:CCU) saw unusually-strong trading volume on Friday . Approximately 241,694 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 221,169 shares.The stock last traded at $21.50 and had previously closed at $20.89.
Several equities research analysts have issued reports on CCU shares. Zacks Investment Research cut shares of Compania Cervecerias Unidas from a “hold” rating to a “sell” rating in a research report on Friday, August 19th. Citigroup Inc. cut shares of Compania Cervecerias Unidas from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $25.50 to $24.50 in a research report on Monday, August 29th. Finally, TheStreet raised shares of Compania Cervecerias Unidas from a “hold” rating to a “buy” rating in a research report on Monday, June 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $24.88.
The firm has a 50 day moving average of $22.63 and a 200 day moving average of $22.03. The firm has a market capitalization of $3.99 billion and a PE ratio of 21.51.
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.
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