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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.

To view Zacks’ full report, visit Zacks’ official website.

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