Compania Cervecerias Unidas (CCU) Trading Down 1.9%
Shares of Compania Cervecerias Unidas (NYSE:CCU) fell 1.9% on Tuesday . The stock traded as low as $22.13 and last traded at $22.20, with a volume of 101,588 shares trading hands. The stock had previously closed at $22.62.
A number of brokerages have recently issued reports on CCU. TheStreet raised Compania Cervecerias Unidas from a “hold” rating to a “buy” rating in a research report on Monday, June 6th. Zacks Investment Research lowered Compania Cervecerias Unidas from a “hold” rating to a “sell” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $25.00.
The firm’s 50-day moving average is $22.90 and its 200-day moving average is $21.95. The firm has a market cap of $4.11 billion and a PE ratio of 21.87.
A hedge fund recently raised its stake in Compania Cervecerias Unidas stock. Dimensional Fund Advisors LP raised its position in shares of Compania Cervecerias Unidas (NYSE:CCU) by 0.6% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 329,917 shares of the company’s stock after buying an additional 1,900 shares during the period. Dimensional Fund Advisors LP owned 0.18% of Compania Cervecerias Unidas worth $7,148,000 at the end of the most recent quarter.
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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