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Compania Cervecerias Unidas (NYSE:CCU) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a report released on Wednesday, American Banking News reports.

The analysts wrote, “United Breweries Company (CCU) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company’s earnings per share, deteriorating net income and disappointing return on equity.”

Compania Cervecerias Unidas (NYSE:CCU) traded up 1.61% during mid-day trading on Wednesday, hitting $22.67. 82,291 shares of the company’s stock traded hands. Compania Cervecerias Unidas has a one year low of $20.46 and a one year high of $34.95. The stock has a 50-day moving average of $22.01 and a 200-day moving average of $23.60. The company has a market cap of $4.188 billion and a P/E ratio of 14.83. Compania Cervecerias Unidas also was the recipient of a significant drop in short interest in January. As of March 31st, there was short interest totalling 452,166 shares, a drop of 39.9% from the March 14th total of 752,243 shares. Based on an average daily volume of 141,251 shares, the short-interest ratio is presently 3.2 days. Approximately 0.0% of the shares of the stock are short sold.

Compania Cervecerias Unidas (NYSE:CCU) last released its earnings data on Tuesday, February 4th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.10. Analysts expect that Compania Cervecerias Unidas will post $1.27 EPS for the current fiscal year.

Separately, analysts at Zacks downgraded shares of Compania Cervecerias Unidas from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 28th. They now have a $20.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Compania Cervecerias Unidas currently has an average rating of “Hold” and an average target price of $20.50.

Compania Cervecerias Unidas SA (NYSE:CCU) is a diversified beverage holding company that, through its subsidiaries and affiliates, has operations established in Chile, Argentina, the Cayman Islands and Liechtenstein.

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