Compania Cervecerias Unidas S.A. (NYSE:CCU) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Monday, AmericanBankingNews.com reports. The firm currently has a $24.30 target price on the stock. Zacks‘ price target indicates a potential upside of 2.36% from the company’s current price.
Compania Cervecerias Unidas S.A. (NYSE:CCU) traded down 0.84% during mid-day trading on Monday, hitting $23.54. 98,229 shares of the company’s stock traded hands. Compania Cervecerias Unidas S.A. has a one year low of $23.02 and a one year high of $34.95. The stock’s 50-day moving average is $25.47 and its 200-day moving average is $27.07. The company has a market cap of $4.024 billion and a P/E ratio of 15.30.
A number of other analysts have also recently weighed in on CCU. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Compania Cervecerias Unidas S.A. in a research note to investors on Tuesday, November 12th. They set a “neutral” rating on the stock. Analysts at Barclays initiated coverage on shares of Compania Cervecerias Unidas S.A. in a research note to investors on Tuesday, November 5th. They set an “underweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.30.
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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