Zacks Research Downgrades Compania Cervecerias Unidas (NYSE:CCU) to Strong Sell

Compania Cervecerias Unidas (NYSE:CCU) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research firms have also weighed in on CCU. Weiss Ratings reissued a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research report on Friday, March 27th. JPMorgan Chase & Co. boosted their target price on Compania Cervecerias Unidas from $10.00 to $14.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Strong Sell” and a consensus price target of $12.00.

Compania Cervecerias Unidas Stock Down 0.3%

CCU stock opened at $11.71 on Wednesday. The firm has a market capitalization of $2.16 billion, a PE ratio of 17.48, a P/E/G ratio of 3.39 and a beta of 0.56. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.67. Compania Cervecerias Unidas has a twelve month low of $10.71 and a twelve month high of $15.75. The stock’s 50 day moving average is $13.11 and its 200-day moving average is $12.89.

Compania Cervecerias Unidas (NYSE:CCU) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.33 earnings per share (EPS) for the quarter. Compania Cervecerias Unidas had a return on equity of 7.20% and a net margin of 4.03%.The business had revenue of $948.09 million during the quarter. Sell-side analysts expect that Compania Cervecerias Unidas will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Compania Cervecerias Unidas

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new stake in shares of Compania Cervecerias Unidas in the 1st quarter worth approximately $579,000. Jane Street Group LLC bought a new position in Compania Cervecerias Unidas during the first quarter valued at $194,000. Rhumbline Advisers increased its position in Compania Cervecerias Unidas by 140.6% in the first quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock worth $100,000 after buying an additional 3,831 shares during the last quarter. American Century Companies Inc. increased its position in Compania Cervecerias Unidas by 172.2% in the second quarter. American Century Companies Inc. now owns 173,672 shares of the company’s stock worth $2,244,000 after buying an additional 109,867 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Compania Cervecerias Unidas in the second quarter valued at $164,000. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Compania Cervecerias Unidas Company Profile

Compañía Cervecerías Unidas SA (NYSE: CCU) is a Chile-based beverages company with operations across Latin America. The company engages in the production, marketing and distribution of beer, soft drinks, wines, mineral water and other non-alcoholic beverages. Through a combination of owned brands and licensing agreements, CCU serves both domestic and export markets with a diversified portfolio designed to meet evolving consumer tastes.

In its beer segment, CCU produces flagship brands such as Cristal, Escudo and Royal Guard, while also brewing international labels under license, including Heineken in select markets.