Compañía Cervecerías Unidas (NYSE:CCU) Stock Rating Upgraded by JPMorgan Chase & Co.

Compañía Cervecerías Unidas (NYSE:CCU – Get Rating) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Friday, The Fly reports.

CCU has been the topic of several other reports. HSBC downgraded Compañía Cervecerías Unidas from a “buy” rating to a “hold” rating and cut their price target for the stock from $15.00 to $13.00 in a research report on Monday, November 14th. StockNews.com initiated coverage on Compañía Cervecerías Unidas in a research report on Wednesday, October 12th. They set a “buy” rating on the stock.

Compañía Cervecerías Unidas Price Performance

NYSE CCU opened at $14.70 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.04 and a quick ratio of 1.41. The stock’s fifty day moving average price is $12.51 and its 200 day moving average price is $11.50. Compañía Cervecerías Unidas has a 1 year low of $9.31 and a 1 year high of $17.78. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 15.15 and a beta of 0.74.

Compañía Cervecerías Unidas (NYSE:CCU – Get Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.10 earnings per share for the quarter. The company had revenue of $736.78 million for the quarter, compared to the consensus estimate of $775.16 million. Compañía Cervecerías Unidas had a return on equity of 10.75% and a net margin of 5.66%. As a group, equities research analysts forecast that Compañía Cervecerías Unidas will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG lifted its stake in Compañía Cervecerías Unidas by 2.2% in the 2nd quarter. UBS Group AG now owns 61,759 shares of the company’s stock valued at $780,000 after buying an additional 1,348 shares in the last quarter. MQS Management LLC lifted its stake in Compañía Cervecerías Unidas by 16.3% in the 2nd quarter. MQS Management LLC now owns 11,874 shares of the company’s stock valued at $150,000 after buying an additional 1,664 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in Compañía Cervecerías Unidas in the 1st quarter valued at about $26,000. Tower Research Capital LLC TRC lifted its stake in Compañía Cervecerías Unidas by 125.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the company’s stock valued at $37,000 after buying an additional 1,907 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Compañía Cervecerías Unidas by 4.4% in the 3rd quarter. Assetmark Inc. now owns 45,674 shares of the company’s stock valued at $492,000 after buying an additional 1,932 shares in the last quarter. 18.43% of the stock is owned by hedge funds and other institutional investors.

About Compañía Cervecerías Unidas

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Compañía Cervecerías Unidas SA engages in the production of beverages. It operates through the following segments: Chile, International Business, and Wine. The Chile segment sells alcoholic and non-alcoholic beverages which include Heineken, Sol, Coors Tecate beer, Blue Moon beer, Kunstmann, Austral beer; and carbonated soft drinks, nectars and juices, sports and energy drinks, ice tea, and water.