Compania Cervecerias Unidas S.A. (CCU) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Compania Cervecerias Unidas S.A. (NYSE:CCU) posted its quarterly earnings results on Tuesday. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.02, American Banking and Market News reports.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Compania Cervecerias Unidas S.A. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 9th. On a related note, analysts at Goldman Sachs downgraded shares of Compania Cervecerias Unidas S.A. from a “neutral” rating to a “sell” rating in a research note on Monday, July 7th. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Compania Cervecerias Unidas S.A. in a research note on Tuesday, June 3rd. They now have a $25.00 price target on the stock, up previously from $22.00.
Shares of Compania Cervecerias Unidas S.A. (NYSE:CCU) opened at 21.87 on Tuesday. Compania Cervecerias Unidas S.A. has a 1-year low of $20.46 and a 1-year high of $30.25. The stock’s 50-day moving average is $22.82 and its 200-day moving average is $22.5. The company has a market cap of $4.041 billion and a P/E ratio of 17.74.
Compania Cervecerias Unidas SA (NYSE:CCU) is a Chile-based holding company engaged in the production, packaging and distribution of diversified beverages that, through its subsidiaries and affiliates, has operations established in Chile, Argentina, the Cayman Islands and Liechtenstein.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.