Compania Cervecerias Unidas S.A. Downgraded by Zacks to Underperform (CCU)
Compania Cervecerias Unidas S.A. (NYSE:CCU) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Thursday. They currently have a $20.90 price objective on the stock. Zacks‘s price objective suggests a potential downside of 5.17% from the stock’s previous close.
Shares of Compania Cervecerias Unidas S.A. (NYSE:CCU) traded down 0.36% on Thursday, hitting $21.96. The stock had a trading volume of 48,584 shares. Compania Cervecerias Unidas S.A. has a 1-year low of $20.46 and a 1-year high of $29.45. The stock has a 50-day moving average of $22.7 and a 200-day moving average of $22.54. The company has a market cap of $4.057 billion and a price-to-earnings ratio of 17.92.
Compania Cervecerias Unidas S.A. (NYSE:CCU) last announced its earnings results on Tuesday, August 12th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.02. On average, analysts predict that Compania Cervecerias Unidas S.A. will post $1.28 earnings per share for the current fiscal year.
CCU has been the subject of a number of other recent research reports. 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. Separately, 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. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock presently has an average rating of “Sell” and a consensus price target of $22.95.
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.
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