Shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $27.65 and last traded at $27.67, with a volume of 94,984 shares trading hands. The stock had previously closed at $27.10.

Several brokerages recently issued reports on CCU. Zacks Investment Research raised shares of Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Thursday, August 10th. BidaskClub cut shares of Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.17.

The stock’s 50 day moving average is $26.42 and its 200 day moving average is $25.40. The firm has a market capitalization of $5.13 billion, a P/E ratio of 27.31 and a beta of 0.33.

A number of institutional investors have recently bought and sold shares of CCU. Comerica Bank increased its position in Compania Cervecerias Unidas, by 1.3% in the first quarter. Comerica Bank now owns 10,592 shares of the company’s stock valued at $272,000 after buying an additional 138 shares during the period. World Asset Management Inc increased its position in Compania Cervecerias Unidas, by 1.9% in the first quarter. World Asset Management Inc now owns 11,516 shares of the company’s stock valued at $291,000 after buying an additional 212 shares during the period. Naples Global Advisors LLC increased its position in Compania Cervecerias Unidas, by 0.9% in the first quarter. Naples Global Advisors LLC now owns 57,755 shares of the company’s stock valued at $1,459,000 after buying an additional 500 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Compania Cervecerias Unidas, by 2.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,814 shares of the company’s stock valued at $804,000 after buying an additional 690 shares during the period. Finally, Shell Asset Management Co. increased its position in Compania Cervecerias Unidas, by 2.2% in the first quarter. Shell Asset Management Co. now owns 38,154 shares of the company’s stock valued at $964,000 after buying an additional 804 shares during the period. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/compania-cervecerias-unidas-s-a-ccu-sets-new-52-week-high-at-27-65/1495741.html.

Compania Cervecerias Unidas, Company Profile

Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.

Receive News & Ratings for Compania Cervecerias Unidas S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compania Cervecerias Unidas S.A. and related companies with Analyst Ratings Network's FREE daily email newsletter.